LOS ANGELES—Investors may be missing big multifamily opportunities in suburban markets, according to Gary Goodman, SVP of acquisitions at Passco Cos. At RealShare Apartments last month, we sat down with Goodman for an exclusive interview to talk about where is firm is finding the best investment opportunities in this competitive market. While many investors are focusing on urban cores, where trends show that both millennials and baby boomers are migrating, Passco is finding that suburban markets have limited new supply and high consumer demand, the combination of which produces great rent growth and longevity.
During the interview, Goodman also talks about rising construction financing costs and construction costs, which are making development more difficult and expensive. These new costs are affecting both the market and Passco's business. Goodman also gives us a look at what projects are in Passco's pipeline. Press play to hear more about the characteristics to look for in an investment market, alternative markets for opportunities and the challenges that investors and developers today are facing.
LOS ANGELES—Investors may be missing big multifamily opportunities in suburban markets, according to Gary Goodman, SVP of acquisitions at Passco Cos. At RealShare Apartments last month, we sat down with Goodman for an exclusive interview to talk about where is firm is finding the best investment opportunities in this competitive market. While many investors are focusing on urban cores, where trends show that both millennials and baby boomers are migrating, Passco is finding that suburban markets have limited new supply and high consumer demand, the combination of which produces great rent growth and longevity.
During the interview, Goodman also talks about rising construction financing costs and construction costs, which are making development more difficult and expensive. These new costs are affecting both the market and Passco's business. Goodman also gives us a look at what projects are in Passco's pipeline. Press play to hear more about the characteristics to look for in an investment market, alternative markets for opportunities and the challenges that investors and developers today are facing.
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