Covid-19 has brought US multifamily opportunities in secondary markets to the forefront, says David Smith, chief operating officer of Avenue Living Asset Management and chief executive officer of Avenue Living’s US real estate trust
Residential real estate performance has withstood the pandemic. However Macquarie Asset Management’s Dana Gibson and Rod Cornish say the sector will see changes thanks to covid-19 accelerating long-term trends
Multifamily in the US might have been a wild asset class back in the 1970s, but Fairfield’s Greg Pinkalla has seen it become one of the core holdings of US investors today – while still maintaining the flexibility to ‘roll with the punches’.
Landlords will have to be increasingly involved in the operation of buildings as covid accelerates changes in multifamily, says John German, managing director – residential investments at Invesco Real Estate.
Commercial real estate debt returns improve relative to other asset classes during periods of crisis and sustained economic uncertainty, says Wayne Lasky, co-founder and managing director of MaxCap Group.