San Diego, CA, March 8, 2006 –- http://www.pacificsecuritycapital.com – Pacific Security Capital, a leading commercial real estate services company, announced today that there is strength in the outlook for the multifamily sector, despite cap rate compression in most major markets.
While many speculate over the single family home bubble, apartment owners and developers expect business to thrive during 2006.
“The strong demand for ownership housing has pushed prices beyond the reach of a larger percentage of the nation’s population and above what some consider sustainable values,” said Simon Acheson, Director of Pacific Security Capital. “As the economy continues to strengthen and the workforce expands, the demand for housing remains strong but inventory is priced at levels that more and more people can‘t afford or won’t spend.”
Pacific Security Capital believes that this growing trend is like to renew strength in the multi-family market.
“The single family home bubble is deflating and the condo market is saturated,” said Acheson.
Acheson will be presenting a session on Equity Financing
for Multi-Family Projects at the upcoming Apartment Finance Today
Developer Conference in San Diego, CA, March 8 – 10, 2006. Acheson will
discuss the growth of rental real estate, including key questions, such
as:
- How high rent will rise
- How developers can meet the increasing need for affordable housing
- How long before rent prices peak
Join Simon Acheson at Apartment Finance Today’s Developer Conference.
Session Title: Equity Financing: Take an In-Depth Look at Equity Investor Trends and Deal terms in 2006.
Date: Wednesday March 8, 2006
Time: 4 – 5:30 p.m. PST
Omni San Diego Hotel, San Diego, CA
Register at http://www.housingfinance.com/aftdc/03_register.html
To learn more about Pacific Security Capital’s commercial real estate advisory services, please visit www.PacificSecurityCapital.com or call 1-800-844-6085.
