LOS ANGELES—“Multifamilies have benefited from the perfect storm.” That is according to RealShare Apartments 2014 panelist Ethan Penner, a commercial real estate expert known for founding CBRE Capital Partners and as former president of Kennedy Wilson. “You have low interest rates, which helps all income-producing properties; had good access to capital and leverage; had the weight of the housing crisis; had more people driven into rentals and out of housing; and you also have a weak economy.”

For a whole host of reasons, such as those mentioned above, “we are in good shape on multifamilies,” Penner said. “I don’t see that changing any time soon.”

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