Manatt Real Estate Partner Grace Winters spoke with Law360 on investors, insurance companies and pension funds looking to enter the multifamily real estate market as more tenants are renting for longer periods of time, and the challenges these new entrants to the industry are facing. In particular, Winters discussed the economic factors driving increased interest in the multifamily real estate space. She noted the recent investment trends in the multifamily space are being driven by activity on the single-family housing front, saying “the activity level is driving prices up so significantly … that there’s a lot more need for rental properties." Winters added that, "the activity in the buying market has resulted in even greater needs for multifamily inventory, and there’s been a lot more development joint venture activity with institutional investors."
Law360 subscribers can read the full article here.