Multifamily’s Resilience Is Attracting Investors

The U.S. economy has seen some improvement during the third quarter, and with it, renewed appetite for commercial real estate. As the office and retail markets continue to struggle during the coronavirus pandemic, investors are turning to stronger-performing assets like multifamily.

“Institutional investors, I think they’re seeing how resilient the asset class is,” Nuveen Managing Director Nikita Rao said during Bisnow’s BMAC South summit Sept. 15. “When you look over the past 35 years, the average income return from multifamily was 6.6%, and even during the [Global Financial Crisis], that income return was 4.4%.”

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