THE SKINNY ON MULTIFAMILY
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The multifamily market has held its own more than any other type of CRE since the dawn of the Great Recession. How come and what's next were topics of a recent panel discussion at a CREW Charlotte luncheon at the Ritz-Carlton uptown. Panelists included New Forum?s EVP Gene Bodycott, Ginkgo Residential CEO Phil Payne, and fee-management company Drucker & Falk?s Kellie Falk-Tillett. Gene, Phil, and Ginko Residential?s office manager Joanna Clark are shown here with CREW President Holly Alexander, biz dev director at Concorde Construction (in rapt discussion about the Panthers we assume). The 150 people attending learned that the greater Charlotte market recently absorbed 7,075 multifamily units, the highest measure ever on the local front. The phenomenon, however, is consistent with national trends and driven in part by the drop off in single-family home sales. (Not as phenomenal if everyone's doing it.) |
