Los Angeles, California | July 18, 2019
In our work at Aii, we see firsthand every day the growing demand for affordable rental apartments among millennials, retirees and urban workers seeking housing near their place of employment.
According to a June 30, 2019 Wall Street Journal article, Apartment Demand Hits Five-Year High, our experience finds validation in a rich new set of data. The Wall Street Journal documents demand continuing to rise along with rents based on a cascade of interrelated demographic and economic factors:
In the same vein, a June 2019 Freddie Mac survey of 4,000 adults documents in comprehensive detail the affordability of renting versus buying among different segments of the U.S. population.
We at Aii see these trends continuing far into the future, increasing demand from our tenants for attractive, affordable places to live while offering steady income with significant capital appreciation potential for our investors.
Michael Chesser, Founder and President
Apartment Income Investors, Inc.
Transforming Homes, Lives and Communities
Related sources can be found in the RESEARCH section of Aii's website.
About Apartment Income Investors
Founded in 1994, Apartment Income Investors (Aii) has a proven track record of buying underperforming Class B multifamily properties and implementing renovation and repositioning strategies to improve operations and substantially increase the value of each property. This strategy has proven successful through several real estate cycles with above-average returns to investors. The company's goal is to transform homes, lives and communities while delivering superior investment returns.