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Anand Kannan Kannan: “Long-term vacancies are unlikely, and there are simply too few units available in the country to meet the inelastic demand for accessible homes for our lower-income residents. As an investor, you can’t beat that kind of stability.”

IRVINE, CA—Drastically shifting markets come with added risks, even when the mood is bullish; however, affordable housing has no such problems as an asset class, Community Preservation Partners’ president Anand Kannan tells GlobeSt.com. The 12-year-old firm just passed the $1-billion mark in total affordable-housing-community investment, so we sat down with Kannan to discuss why affordable-housing investment is so strong now, which investors are attracted to it and where this asset class is headed as we near the end of the current real estate cycle.

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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