The affordable housing asset class was attracting investors of all sizes long before the pandemic struck. Companies such as Blackstone, PGIM and Starwood, for example, have all staked out a position in this category in recent years.
Now, with the pandemic well underway and showing little signs of easing, investors are even more eager to acquire these properties despite the overarching concerns in commercial real estate about incomes and long-term growth, according to Doug Childers, co-head of JLL Affordable Housing.
"More people are expected to qualify to live in affordable housing in the future" due to the pandemic's significant economic effects, he tells GlobeSt.com.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
