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Multifamily Opportunities Hard to Find

LOS ANGELES—In preparation for RealShare Apartments, commercial real estate expert Ethan Penner talks to reporter Kelsi Maree Borland about the current multifamily market and where it is headed.

By Kelsi Maree Borland | Updated on October 07, 2014

LOS ANGELES—Multifamily properties are selling at full prices in most markets with opportunities difficult to find, according to Ethan Penner, a commercial real estate expert known for founding CBRE‘s capital partners and the former president of Kennedy Wilson. Penner is speaking on the Economics in Multifamily panel at the upcoming RealShare Apartments conference in Downtown Los Angeles on October 15 and 16. The panel, moderated by Richard Hollowell, managing director at CohnReznick Advisory Group, will examine the current multifamily market and discuss where we’re headed.

Although the multifamily market is tight with limited opportunities, Penner tells GlobeSt.com that the market is “still relatively attractive given the inability of many to own a home.” On the panel, he wants to discuss this very dichotomy. “I want to talk about how one can make money today while still protecting against the downside,” he says about the topics or trends he is itching to bring up with the other panelists.

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