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Gary Goodman Gary Goodman is the SVP of acquisitions at Passco Cos.

LOS ANGELES—Is the multifamily runway endless? It is the big question that experts will be discussing today and tomorrow at the annual RealShare Apartments conference at the Westin Bonaventure in Downtown Los Angeles. The line-up includes all of the big names—Bob Hart of TruAmerica, Jerry Fink of the Bascom Group; Gary Goodman of Passco Cos.; David Woodward of Brookfield Property Group, and the list goes on. They will be dissecting the market from every angle to gain a clear look at what’s to come.

From the investor perspective, Goodman, SVP of acquisitions at Passco, forecasts rising rents and values, meaning the market will continue to be hot for investors. Construction lending is down—largely because of financial regulations, according to Goodman—limiting the supply and putting upward pressure on rents and values. “There is a little bit of a concern about overbuilding, as well as by mandate with Basel II and Dodd Frank, banks are not as eager to lend on new development as they have been in the past,” he tells GlobeSt.com. “Their reserve requirements for high volatility investments are higher, so they are penalized for making loans on new development. We expect to starts really moderate and decrease toward the end of 2017, and because the demand had increased, there will be a real push on rents and values.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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