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While many have seen record-breaking quarters over the last two years, none have experienced such volatile shifts quite like those within multifamily development. Panelists at the GlobeSt. Multifamily National Conference spoke on delays that impact timelines, inventory shortages and more at the two-day event.
"My advice to get a foothold in the industry is to take any available position that will get you in the door," says Mindy Mcilroy, president of Terranova Corp.
Build-to-rent has quickly become one of the most desirable asset classes in commercial real estate, but the extra competition isn't deterring investors.
"I always advise younger people to find a mentor early in their career, who will give honest feedback and support," says Marcy Moneypenny, Avison Young principal and managing director.
"My job is not necessarily about the details or even the specific outcomes, but to guide my team at Hill West to do great work," says David West, founding partner of Hill West Architects.