2015 is shaping up to be a strong year for the multifamily sector. Many markets are seeing a surge in new inventory. Apartment investors that have selected stable growing markets will still see rent growth, even with the increased construction.
The right market will protect your investment from short-term market conditions. Market size is an important consideration, but market growth (specifically population and employment) is a more accurate indicator of long-term stability.
Houston is an excellent example. Even with record construction, rents are expected to rise. B-Grade properties look to do especially well.
Millennials are a key demographic for multifamily performance. There are signs of recovery for this hard-hit cohort, but there is still a long way to go. I predict Millennials will remain renters far longer than previous generations.
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