Los Angeles, April 17, 2014 – CBRE Group, Inc. has released its 2014 Multi-Housing Annual Market Report, which provides in-depth analysis of investment property market trends, the state of the debt and equity markets and a snapshot of multi-housing specialty products, including seniors, student, tax credit and manufactured housing.
“U.S. multi-housing demand strengthened notably at the end of 2013, with the market recording its highest nationwide level of net absorption since 2009—and one its best showings on record—on the back of strong-performing secondary markets,” said Peter Donovan, Senior Managing Director, CBRE Capital Markets, Multi-Housing Group. “There continues to be an abundant supply of equity and debt capital from all types of foreign and domestic players.”
Forty of the nation’s largest investment markets are featured individually with ground-level commentary from CBRE’s top multi-housing professionals. Each market includes an economic snapshot and growth projections, analysis of apartment fundamentals, cap rate estimates and local market transaction history. The report also includes market highlights from Canada and the United Kingdom.
CBRE Research partners with CBRE Capital Markets Multi-Housing Group in the production of this report each year.
Note to editors/journalists: To speak with a CBRE expert or obtain a copy of the report, please email robert.mcgrath@cbre.com or corey.mirman@cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.