August 23, 2018 By: Laura Calugar
Avanath Capital Management’s John Williams and Jun Sakumoto explain why affordable housing properties should be seen as opportunities to produce consistent returns. The two executives also revealed their expectations regarding the sector going forward.
Affordable housing is still a hot button issue in many metros across the U.S. According to a recent Yardi Matrix report, despite a strong half of 2018 for the multifamily market, affordability has highly effected rent growth in New York, San Francisco and other large metros. At the same time, at the National Apartment Association’s Apartmentalize conference in San Diego, in June, industry professionals highlighted the benefits that an affordable housing community can bring to a neighborhood.
Jun Sakumoto and John Williams
Avanath Capital Management President & Chief Investment Officer John Williams and Chief Operating Officer Jun Sakumoto discuss the misconceptions regarding profitability in the sector as well as possible solutions to the growing shortage of units for middle-income renters................................Read More
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