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“It is an all-hands-on-deck time for this industry to get involved,” Robert Pinnegar, president and CEO of the National Apartment Association, said on the Affordability Dilemma: Increasing Demand; Increasing Challenges panel at GlobeSt Apartments this week. The discussion focused on the housing affordability crisis, and many speakers highlighted California as one of the most challenged markets. The panel included Kitty Wallace, EVP at Colliers International; James D’Argenio, senior principal of acquisitions at The Bascom Group; Christopher Finlay, chairman and CEO at Lloyd Jones; Michael Miller, chief marketing and production officer at 5 Arch; as well as Pinnegar.

“We have done research on development and barriers to development. California is at the bottom of both lists,” said Pinnegar. “Those create real challenges for society and for the industry. Everything from housing to affordability are an issue. There are issues everywhere. This industry needs to change its view toward being involved.” Pinnegar encouraged the industry to get more involved not only to fight rising regulations, like rent control, but also to suggest alternative strategies to aid in the affordability crisis.

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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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