Investors are giving the multifamily market a sharp new look and some are already taking the plunge. Among them is Portman Holdings, a major Atlanta-based CRE developer with $3 billion in assets under development. The company has announced a new venture dedicated to acquiring multifamily properties. It will be headed by senior vice president Sean Henry.
The multifamily market may currently be oversupplied. Rents may be rising more slowly than hoped for. But past fears that the flood of 500,000 apartments delivered this year alone, according to RealPage, would not find tenants appear to be fading.
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