He said: “Not only is there a need in the affordable rental space, but there’s a need overall for income producing property. So far, the two areas that are showing the most optimism when it comes to specific property types are multifamily and industrial.”
He said that while driving up rents was good for the finance side and the value of a property, if there wasn’t enough supply of rental housing, it caused a strain on low and moderate-income households.
“I think we’re trying to find ways to create affordable housing for all income levels. And that’s going to be a major focus over the next two years in rental houses,” he said.
This year’s CREF22 event in San Diego will be held live for the first time since the start of the COVID pandemic and is expected to attract more than 3,000 industry professionals, as well as some 500 companies.
In addition to affordable housing, topics such as green lending, the changing retail and hotel landscape and the post-pandemic origination outlook will be addressed at the expo.