June 12, 2012
MHN: Your company has made a lot of recent acquisitions. Why is now the right time for that?
Henry: There are several important reasons why now is a great time to acquire existing multifamily assets. Let’s start with demand and supply:
The U.S. population is increasing by approximately 3 million people per year, plus the legal immigrants who enter the country, and 75 to 85 percent of whom rent rather than buy.
Secondly, the 18- to 35-year-old population totals approximately 65 million and will be relatively constant for several years. It is this age group that generally rents multifamily apartments. Read more…