Session B2:
The Apartment Market Continues to be Buoyant: Solid Returns, Sustainable Demand, and Purpose-Built Rental
For many investors, the staple of a well-diversified real estate portfolio today includes multi-family assets. Predictable yields and strong cash flows make apartments one of the most reliable property classes. Investor demand far outweighs supply in many markets creating some cap rate compression. What direction is the multi-residential market likely to take in 2019 in gateway cities across Canada? How are occupancy rates across the country? How much purpose built rental construction is expected in 2019? In which cities? How are some owners integrating multi-residential development within their current assets and properties? How are niche rental markets performing, e.g. student housing, seniors housing? What challenges does the apartment market face over the next few years?
Moderator:
Aik Aliferis, Senior Managing Director & Senior Director of Institutional Property Advisors, Marcus & Millichap
Panel:
Daniel Drimmer, Founder & CEO,
Starlight Investments
Brian McCauley, President & CEO,
Concert Properties
Jaime McKenna, Chief Investment Officer,
Minto Apartment REIT
Greg Romundt, President & CEO,
Centurion Asset Management Inc.
Wendy Waters, Senior Director, Portfolio Analysis & Research Services, GWL Realty Advisors Inc.