United States:
Investors Should Be Cautious Of Multifamily Bubble, Soares Lazarus Says
18 April 2022
Stroock & Stroock & Lavan LLP
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"We are in a bubble," partner Lorie Soares
Lazarus tells Bisnow regarding the
current rapid rent growth and high levels of capital markets
liquidity pushing higher valuations across the multifamily real
estate market. "The numbers we're seeing in multifamily,
it's hard to see how those can be sustained."
"There are certainly investors who are taking the approach
that we made it through Covid, this is the current rent growth
rate, and it will continue," she adds. "That doesn't
consider how we got to where we are or whether or not incomes can
continue to support that rapid rent growth."
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Originally published by Bisnow
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