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B and C Grab Spotlight as Class-A Multifamily Struggles

HOUSTON—While class-A multifamily continues to struggle in lease up and vacancy rates, class-B and -C properties remained stronger performers; case in point being a $130 million loan for a portfolio of seven class-B multifamily properties.

By Lisa Brown | lisabrown | Updated on May 19, 2017

Class B multifamily The Fluellen Hoover team of Marcus & Millichap recently closed this apartment transaction.

HOUSTON—While Houston’s class-A multifamily sector continues a prolonged struggle in terms of lease up and vacancy rates, class-B and -C properties remained stronger performers across a variety of metrics. This, combined with continued strength in single-family home sales, allows the residential market to see silver linings among any clouds, according to Q10 Kinghorn, Driver.

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