Navi Sandhu Navi Sandhu

As the cycle continues to mature, apartment developers are seeing more opportunities for ground-up apartment construction in semi-urban or urban-core-adjacent neighborhoods and mid-rise construction. Century West Partners and Fifield Cos., which has largely focused on high-rise builds this cycle, has shifted to a mid-rise strategy in semi-urban markets, where there is pent-up demand and more capital appetite.

“We have typically focused on urban core high-rise product, and we have completed a lot of that in the last cycle,” Navi Sandhu of Century West Partners and Fifield Cos. tells “We have completed almost 7,500 multifamily units across various markets and we have raised well over $2 billion this cycle. Most recently in the last few years, we have started to shift to more semi-urban TOD-type of developments, which is more mid-rise product. Part of the reason for that is because capital is interested in that product type and there is demand for new housing in those markets. Construction costs are not as high as typical high-rise, urban core deals. We have shifted to focusing on those types of deals.”

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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 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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