Analysis

There is robust long-term demand from an aging baby boomer population within 10 years of occupancy.

Those with corporately guaranteed leases generated cap rates of 6.15%, while franchisee leased assets had cap rates of 7.12%.

Copious, fragmented funding sources create complex deal structures that make affordable housing development challenging.

Reduced office demand and a dearth of apartment supply could create an opportunity to convert office space into apartments.

April 2021 investment activity was 18% below pre-pandemic numbers.

In May, two-bedroom rents rose 4.8% compared to last year, while one-bedroom rents rose 3%.

Markets on the West Coast illustrate this story of suburban migration.

Since January, demand for office space is up 117.9% nationally.