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

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.”