Multifamily occupancy levels are solid and the fundamentals are pointing to rent growth for many metros outside of the Sunbelt, a region that is having trouble digesting a tidal wave of deliveries in the past year.

A panel of multifamily owners at GlobeSt.’s spring event in NYC on Tuesday was divided on whether the region has been overbuilt and how long it will take to restore the balance between supply and demand.

Greg Curci, executive vice president at Morgan Properties, said assets in its portfolio outside of the South are exhibiting strong rent growth and 95% occupancy. The properties it has in the South aren’t doing as well.

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