Nate Kunes Nat Kunes

Multifamily continues to be the top target asset class for investors. According to a new report from AppFolio, most investors are planning to allocate capital to multifamily investments this year, followed by office and industrial asset classes. Of the investors surveyed, 68.3% said they are planning to put investment dollars in multifamily, while 45.5% said office and 32.7% will put capital toward industrial assets.

“Right now, we're experiencing a housing shortage in the US, so there is plenty of demand for multifamily housing,” Nat Kunes, SVP of investment management at AppFolio, tells GlobeSt.com. “Where there is demand, investors follow. It's a safe choice for them and has a lot of return on capital. There's also a great deal of incentives for development and investment in the multifamily space, with tax credits for affordable housing and green programs. Multifamily is also something that won't fluctuate the way that commercial real estate might. When the economy is down and commercial businesses close, people still need places to live, that doesn't change. Of course there are market swings in multifamily, but there's generally a demand for it on some level or in some market.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.