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REITing MULTIFAMILY TRENDS

Dallas-Ft. Worth

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REITing MULTIFAMILY TRENDS
Edward Walter, David Neithercutt, Mike Kirby

At the NYU Schack Institute 16th annual REIT symposium in NYC this month, Equity Residential CEO David Neithercut (center, with Host Hotels & Resorts CEO Edward Walter and Green Street Advisors chairman Mike Kirby) addressed the multifamily side. They say the sector's fundamentals couldn't be better, but acquisitions are difficult; there's still a lack of product on the market, and land sales don't have sensible yields.