LOS ANGELES– Multifamily owners today have encountered unprecedented challenges in recent years, yet they remain adaptable, profitable, and poised to react swiftly to ongoing disruptions. This was the consensus among the panelists during the "View From the Top" discussion at the GlobeSt. Multifamily Fall Conference on Monday.
Angela Kralovec, GVP Asset Management of Essex Property Trust, discussed the company's approach to reinvestment and opportunities, stating, "We are exploring strategies to increase property density and potentially add ADUs to our properties."
Noah Hochman, Co-Chief Investment Officer and Head of Capital Markets at TruAmerica Multifamily, highlighted a key perspective on the current national landscape, noting that rent growth has been slow and decelerating in many markets. He emphasized the importance of a strategic renovation approach, saying, "We are no longer renovating for the sake of renovating."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.