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RealShare NJ Preview: Multifamily sector stable, attracting equity capital, says HFF's Cruz

“There is still a significant amount of equity capital in the market for value add and opportunistic deals,” says HFF's José Cruz, one of the panelists featured at this year's RealShare New Jersey Conference on Sept. 19.

By Steve Lubetkin | stevelubetkin | Updated on September 13, 2017

José Cruz of HFF at RealShare Philadelphia 2016 (William Neumann photo) José Cruz of HFF at RealShare Philadelphia 2016 (William Neumann photo)

FLORHAM PARK, NJ—The multifamily sector remains a stable investment that attracts equity capital, according to José R. Cruz, senior managing director, Holliday Fenoglio Fowler.

“There is still a significant amount of equity capital in the market for value add and opportunistic deals, despite the fact that investors are being more selective on core deals they are still trading a very strong pricing,” says Cruz, one of the panelists featured at this year’s RealShare New Jersey Conference in Florham Park, NJ, on Sept. 19. “Core-plus transactions are trading in the fives on a cap rate basis and in select locations are seeing pricing in the fours. The debt markets remain flush with capital and continue to help drive pricing regardless of product type.”

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