RealShare Apartments Economic Panel
LOS ANGELES—Steady gains in the US economy have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. So said Michael Desiato, VP and group publisher of ALM's Real Estate Group, in his opening remarks on day two of RealShare Apartments.
“The consensus is that demographics will continue to keep demand for apartments strong,” he said. But will apartments continue to ride the wave of these trends for the foreseeable future, or will the momentum abate as the uncertainties—including wage growth, overbuilding and global factors—come into sharper focus?
Expert panelists in Thursday opening session took on those questions and discussed the macro issues impacting deal flow and the outlook for the sector across the nation. Panelist Jeff Adler, VP of Yardi Matrix, said that demographics are “ridiculously good” at the moment and have never been this good. But if there is one thing that is a cause for caution, it is that the valuations are based on a unique set of circumstances.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, 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 InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
