The CEO says shares are now on a 5.5% annual growth rate.

The institutional market is flush with capital and with the bidding frenzy, many are turning to the class C space to find a better cap rate, say panelists during a session at last week's national GlobeSt. Multifamily conference.

"The real estate sector is in a strong position to build its way out of the pandemic and take the economy with it."

"Although demand remains strong, higher prices have cooled prospective buyers' intent to purchase a home."