The multifamily housing market in the Southeast and Sun Belt regions remain supply constrained, according to 3650 REIT. 

And because many investors and renters would agree, 3650 co-founder and managing partner Jonathan Roth said his fund's first major transactions from 3650's preferred equity investment program have been made in those areas.

"These transactions reflect 3650's commitment to investing in attainable housing and helping to improve the existing housing stock in these markets," Roth said in prepared remarks.

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