ULI Advises 'Buy or Hold Multifamily' Developments

Benfield writes, "In the near term, the report advises investors to "buy or hold multifamily" as "the only place with a hint of hope, because of demographic demand" as a large contingent of echo boomers seek their first homes. In a section titled "markets to watch," the report also advises investors to favor convenient urban office (see graph), retail, entertainment and recreation districts where there are mass transit alternatives to driving."