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Jessica Morin Jessica Morin

Multifamily is leading Phoenix investment activity—and for good reason. In the last few years, Phoenix has benefited from economic growth and diversity, population growth and strong job growth. This has created a real need for housing and has contributed to strong and sustained rent growth. These fundamentals fit the investment profile of most investors. But, in addition, Phoenix is also serving investors better yields than they would get in other major West Coast markets. In fact, the cap rate spread between Phoenix and California is 75 to 100 basis points.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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