There are a lot of reasons to invest in multifamily today. Following the pandemic, apartment investors are enjoying substantial rent growth, record low vacancy rates and an attractive supply demand imbalance. But, institutional capital playing in the core and core-plus market, is more attracted to the stability of the asset class over the long term.

At the GlobeSt.com Multifamily conference this week, Cameron Jones, managing director of US Housing Strategic Transactions at Nuveen, and Angela M. Kralovec, VP of reinvestment and redevelopment at Essex Property Trust, sat down for a conversation on strategy, opportunity and investing at the GlobeSt.com Multifamily conference, and discussed how institutions take a different approach to apartment investing.

"We like multifamily because it provides a bond like return, and because it provides an inflation hedge because leases turn on the regular," said Kralovec. Jones agreed, adding what she called the obvious—multifamily is the only truly essential asset class. "We don't need a mall for living, and we don't need an office space to work." For that reason, multifamily has a durable income stream.