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“Although 2018 is likely to see the highest level of new deliveries on record in Atlanta, we expect to see more record-low vacancies and moderate rent growth,” says Transwestern's Keith Pierce.
“Suburbanization is having a resurgence, and the period of urban growth and suburban decline may have been a short-term blip," says Rutgers University's Dr. James Hughes.
The deal for the Plantation at Walden Lake community is a value-add play for the new owner—Bridge Investment Group, according to Cushman & Wakefield, which represented the seller in the transaction.
Sector challenges include an acute amount of uncertainty, both international and domestic, which may exert negative pressure on the performance of the US lodging industry.