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Hello Again To Major Metros?

Supply, jobs key for institutional investors eyeing multifamily according to panelists at the GlobeSt Multifamily conference.

By Holly Johnson Amaya | October 28, 2022 at 08:26 AM

Institutional capital flooded suburban markets as the pandemic shifted workers’ ideas about where they wanted to live, work, and play. But will it continue? 

“I think it was a responsible trend,” said Douglas Schwartz of JP Morgan Asset Management at this week’s GlobeSt Multifamily conference in Los Angeles. “It’s smart for institutional money to follow the jobs. Now there’s a lot more supply in those markets so they’ll have a tougher time going forward, but it will even out in the next two or three years. At the end of the day, you have to go after growth, and the Southeast is growing a lot faster than the rest of the country.”

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