Founders Grove Insights

February 2020 Founders Grove Capital Newsletter

written by Ryan Cox

February 2020 Founders Grove Capital Newsletter
Growth in the multifamily market should remain healthy through 2020, but with expected higher levels of new supply, rent growth will moderate and vacancy rates are expected to increase modestly. While lifestyle preferences and demographics are creating strong demand for multifamily rental units, the lack of for-sale housing inventory at lower price points is also keeping potential home buyers in rental units. Given the nationwide undersupply of housing and an economy that is projected to maintain positive growth, I do not see any short-term obstacles that would cause a significant downturn in the multifamily market. Founders Grove Capital is focused on acquiring the best, most promising multifamily investment opportunities in Texas, Arizona and Florida. The demand for multifamily investments is as competitive as it’s ever been and rightly so, thanks to tremendous population growth and new job creation in the markets we are focused on acquisition.   We will continue to seek out the very best opportunities leveraging our institutional relationships with owners and brokers.