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Capital Crunch has Owners Playing Defensively

The economic slowdown hasn't impacted apartments as much as other property types, but owners are still feeling the heat.

By Sule Aygoren Carranza | Updated on September 29, 2008

For more on the financial crisis, check out GlobeSt.com’s Webinar , “Wall Street In a Freefall—The Winners and Losers.”

WASHINGTON, DC-After several quarters of seeming immunity, apartment owners and operators are finally feeling the impact of the slowdown. And with continuing job losses, sagging economy, lackluster capital markets and rising operating expenses, industry watchers are uncertain about the future.

Granted, things could be a lot worse, but they could also be a lot better. A handful of executives recently got together at the National Multi Housing Council’s Apartment Strategies Update to discuss where the market is currently, as well as where it’s likely headed.

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