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Multifamily has certainly been the favored asset class this cycle, but the exuberance may be waning. At RealShare Southern California, Kitty Wallace, EVP at Colliers International, said that properties are staying on the market longer, and in some cases for months. She spoke on the Multifamily—Overcoming the Affordability Crisis panel, and touched on the multifamily investment activity.

While properties are taking longer to trade, Wallace said that everyone is still a buyer in the market, and the demand remains strong. “Everyone is a buyer,” she said on the panel. “The market isn’t like it was three or four years ago when you could put properties on the market and get multiple offers. Today, overpriced properties aren’t moving, because the market isn’t what it used to be.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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