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Multifamily: Obsolete and Loving It

Multifamily: Obsolete and Loving It
bisnow dc mulitfamily summit obsolecense conference pinnacle management rick graf jw marriott
The conventional wisdom  may be wrong again: All the multifamily talk has been about demand, but the sector?s stunning fundamentals  owe quite a bit to supply, too, as functionally obsolete stock comes off the market. That's according to Pinnacle Management prez  Rick Graf, who's speaking at our first nationalBisnow Multifamily Annual Conference  in DC on Monday and Tuesday. Owners of older properties are hitting ceilings on how much they can  raise rents, and fewer units creates a vacuum for apartment investors and developers to fill in the face of  surging demand. His take: despite concerns about overbuilding in certain areas, national multifamily is in the early stages of a five- to eight-year healthy runSign up now to hear more from Rick and over 30 other speakers at DC's JW Marriott Nov. 19 and 20.