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Most industry experts believe the overall valuation impact has been less severe for co-living properties than for multifamily because many renters are seeking more affordable housing options, likely continuing post-COVID.
Sacramento is one of the markets continuing to experience apartment rent growth of slightly less than 4% in the last year, leading to mega-acquisitions such as Alira which was recently purchased for $92.3 million.
The majority of workers will return to offices following the pandemic, but there will be a substantial increase in the remote work segment of the employment market.
With retail continuing to take the brunt of the COVID wallop, some REITS are managing to weather the storm while those filing for bankruptcy protection share similar operational and fundamental characteristics.
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