Multifamily Investors Talk About the 'B' Word

MIAMI—Hundreds of commercial real estate professionals on Tuesday gathered at the Eden Roc Miami for the 3rd Annual RealShare Apartments East. The multifamily mood spanned from cautious to optimistic to downright “frothy.”

“I think the US is setting up for a period of stronger economic growth,” said Michael Cohen, director of advisory services at PPR, in his presentation, “Economic Outlook: The East Coast Apartment Market.” “Our outlook, which is based into that forecast, calls for stronger economic growth over the next 24 months with higher levels of job gains, all of which I think will provide a good cushion for the extremely high levels of apartment completions that we’ve seen for the next 36 months.”