LOS ANGELES—The multifamily market in Los Angeles is hot, but development for affordable housing has lagged behind, according to John Schulhof a director and past president at the Apartment Association of Greater Los Angeles. At the recent RealShare Los Angeles conference, Schulhof sat down with us for an exclusive interview to discuss the multifamily market in L.A., explaining:

-       What is driving the multifamily market

-       The key issues apartment owners are facing

-       The need for more affordable housing

-       His multifamily forecast for the remainder of the year

AAGLA EVP Jim Clarke recently talked to GlobeSt.com about the importance of the multifamily industry to the local economy, explaining that the apartment market contributed more than $63 billion to the L.A. economy in 2013. He added that he thinks the market could generate even more for the economy in years to come.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.