Deep Need for Affordable Housing Fuels Value-add Investment

Amber Monte

The deep need for affordable housing is fueling value-add investment in the asset class. Sage Apartment Communities is focusing on elevating affordable multifamily communities in target markets throughout the US. Affordable housing is already in tight supply and demand is only expected to grow. Generally, Sage upgrades bathrooms, cabinets, fixtures, and paint as well as implements a property management strategy to maintain the asset.

“Housing affordability remains a topic of concern throughout the U.S., and we anticipate that dialogue and public concern surrounding this issue will grow in the next 12 months. This in turn will drive even stronger demand for well-appointed affordable apartments that offer a high quality of life at a reasonable rent,” Amber Monte, president of Sage Apartment Communities, tells GlobeSt.com. “We foresee a continued need for affordability in the future and believe this will be a high-performing and lucrative investment strategy for years to come. Our focus is on providing solutions that give our residents a better quality of life while investing in the long-term growth of our assets. We do this through a measured approach to acquisitions, renovations, and management.”