West Coast Apartment Market Remained Active Through the Pandemic

While the buzz throughout the apartment industry is focused on secondary cities and the suburbs, investment activity in core coastal markets remained active through the pandemic. Essex Property Trust VP of reinvestment and redevelopment Angela M. Kralovec says that the firm continued to focus on West Coast markets, both during and post-pandemic. Kralovec is sitting down to discuss apartment opportunities, strategy and investing at the GlobeSt.com Apartments conference on October 26 and 27. We sat down with her early to get a sneak peak at the conversation.

“Essex is focused on high quality markets along the West Coast where investment demand remains very strong. Even during the depths of the pandemic, there was an active transaction market for high-quality apartment assets,” Kralovec tells GlobeSt.com. “Now that a rent recovery is clearly underway, we are seeing even more investor interest in our markets.”