LOS ANGELES—“Multifamilies have benefited from the perfectstorm.” That is according to RealShare Apartments2014 panelist Ethan Penner, acommercial real estate expert known for foundingCBRE Capital Partners and as former presidentof Kennedy Wilson. “You have lowinterest rates, which helps all income-producing properties; hadgood access to capital and leverage; had the weight of the housingcrisis; had more people driven into rentals and out of housing; andyou also have a weak economy.”
For a whole host of reasons, such as those mentioned above, “weare in good shape on multifamilies,” Penner said. “I don't see thatchanging any time soon.”
Penner spoke on the opening Economics of Multifamily panel,moderated by Richard Hollowell, managing directorof CohnReznick Advisory Group. More than 1,500attendees signed up for the big RealShare Apartments2014 two-day event. The RealShare ConferenceSeries is produced by ALM's Real EstateMedia Group, which also publishes Real Estate Forum andGlobeSt.com.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
