ULI Advises 'Buy or Hold Multifamily' Developments

Kaid Benfield reads ULI's latest 'Emerging Trends' report, and finds, amidst the doom and gloom, significant support for infill and smart growth.

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."

Full Story: Major real estate report: shift to urban living is “fundamental,” outer suburbs may “lack staying power”

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