Ella Shaw Neyland Ella Shaw Neyland

Millennials and baby boomers are constantly adding to multifamily demand. Every month, there are 300,000 millennials turning 22 and another 300,000 turning 23. Plus, 10,000 baby boomers turn 65 every day. These growing demographics ensure that there is plenty of demand to sustain a healthy and profitable multifamily market far into the future, and it is continuing to fuel multifamily investment nationally.

“That demand will continue to make the multifamily market a profitable business,” Ella Shaw Neyland, President of Steadfast Apartment REIT III, tells GlobeSt.com. “There is a consistency in the demand for apartments. The way that people are living has changed so dramatically. It has created a real estate sector that has a predictable performance. As long as you have this many people looking for apartments, you will continue to keep occupancies high and the sustainability if the financial success of those apartments doing quite well for the long term.”

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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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