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Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and <em>Real Estate Forum</em>, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at <em>InStyle</em> Magazine, and as managing editor with <em>New York Press</em>, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for <em>M</em> magazine, <em>Arthur Frommer's Budget Travel</em>, FashionLedge.com, and <em>Co-Ed</em> magazine. 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That was the consensus of panelists at <strong>RealShare Apartments 2011</strong>, where more than 1,400 top executives gathered to look at every facet of the multifamily market. <strong>Phyllis Klein</strong>, director of strategic customer relationships at <strong>Fannie Mae</strong>, and speaker during the first panel of the day, said that she is very bullish and has seen vacancy levels drop this year; she expects rents to increase 2% to 3% and better in some of the more robust markets going forward.</p>","<p><strong>Michael Desiato</strong>, vice president and group publisher of <strong>ALM/Real Estate Media Group</strong>, began the day-long event by pointing out that the apartment industry is truly outperforming the rest of every commercial property sector. “If we actually had an economy that was working right now, we would really be in good shape,” Desiato said.</p><img src=\"https://images.globest.com/cdn-cgi/image/format=auto,fit=contain/http://cdn.globest.com/media/newspics/la_realshareapartmentscrowd.gif\"/> <p>Debt And Equity Were Hot Topics</p>","<div class=\"paywall-content\"><p>Desiato’s comments set the tone for panels throughout the day, where nearly all speakers agreed that the multifamily market in the near-term and long-term is expected to perform well. The RealShare Conference Series is produced by ALM's Real Estate Media Group, which also publishes <a href=\"http://www.reforum-digital.com/reforum/201109#pg1\" target=\"_blank\"><em>Real Estate Forum</em></a> and GlobeSt.com.</p>","<p><em>“</em>We are extremely busy and continue to work very hard on deals throughout the marketplace,” said Klein. “We are on track to meet our yearly production goals. Fannie is providing $1 out of every $5 in the multifamily market today.”</p>","<p>Klein joined moderator <strong>Lew Feldman</strong>, partner of <strong>Goodwin Procter LLP</strong>, and <strong>Paul Angle</strong>, western managing regional director of <strong>Freddie Mac</strong> in the event’s first panel. Angle too, discussed how busy Freddie Mac has been lately. “We are active in refinances and acquisitions and despite the fact that we are at record pace, we still have great capacity.”</p><img src=\"https://images.globest.com/cdn-cgi/image/format=auto,fit=contain/http://cdn.globest.com/media/newspics/la_stolzoffbannon.gif\"/> <p>Marty Stolzoff introduces<br/> moderator Tom Bannon</p>","<p>There is a tremendous cap rate compression in the coastal markets, said Klein. “We are seeing good opportunities in places like Minneapolis and North County San Diego for example. What we see on the coastal markets is extremely strong.”</p>","<p>Angle pointed out that he enjoys any market where there is job growth and rising rents. The markets where he sees that in include Denver, Seattle, and the Silicon Valley, which has taken off tremendously in recent months, he said. In the long term, he points to places like Orange County, L.A. and San Diego. “We are also making loans in Phoenix and Las Vegas selectively in stable neighborhoods,” he said.</p>","<p>Klein noted that underwriting standards haven’t changed over the past year at all. “We are extremely focused on property condition and the ongoing maintenance of those properties through the loan term. 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