The multifamily market is set for a healthy 2018. Although deal volume fell this year over the record-breaking 2015 and 2016, multifamily was still a highly sought-after investment market. Next year, Ella Shaw Neyland, president of Steadfast Apartment REIT III, expects multifamily to continue to be a strong investment class. While Neyland couldn't speak specifically about her business, she sat down with us for an exclusive interview to give us some expert insight into multifamily this year.
GlobeSt.com: Multifamily transaction volume fell in 2017. Do you think that trend will continue through 2018?
Ella Shaw Neyland: In general, 2017 we saw sales activity in the multifamily space drop off from where it has been the last two years. Having said that, 2016 was a record-breaking year and 2015 was a record-breaking year up to that time. So, you had a record in 2015 and it got even better in 2016. This year, as far as attractive investments, will it be the same level as it was in 2015 and 2016, probably not because you don't have the big chunky transactions. As far as the normal volume of transactions, I think it is still going to be very strong.
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Kelsi Maree Borland
