Multifamily Update

CoStar recently released an article reporting on the National Multifamily Housing Council’s recent webinar. Industry experts are seeing that apartment renters are paying, but some landlords say they are collecting less. NMHC’s survey reports about 90-92% of renters have been paying their rent. Asking rents are down 5%.

Upside Avenue recently sat down and spoke with Chief Investment Officer, Chi Hathiramani about what Upside Avenue has been doing to adapt to the effects of the pandemic in the multifamily industry. In this Upside Insights video, he talks about how COVID-19 has changed our business model, what our investors can expect, and whether now is a good time to invest in real estate.