The 2017 Apartment Market Outlook
This session will feature MPF YieldStar’s Jay Parsons along with special guest Philip Martin from Waterton, a leading investment management and property management firm.
Topics will include:
The Outlook for Apartment Fundamentals
The U.S. apartment market enters new waters with record supply levels on track to complete at the same time President-elect Donald Trump moves into the White House. Will the economy create the demand needed to fill all these new units? Will rent growth deceleration be limited to the Class A segment competing with new supply – or will there be a broader cooling? What will be nation’s hottest and coolest apartment markets in 2017?
The Outlook for Capital Markets
Apartments continued to shine as the favored property class among commercial real estate investors and lenders in 2016. Apartment sales are on track to slightly top 2015 totals, while all other property classes are expected to decline moderately. Will apartment sales further accelerate, hold steady or decline in 2017? Will cap rates continue to compress? For investors looking to deploy capital in 2017, what apartment segments and metros appear most attractive?
Q&A With Waterton's Philip Martin
One of the nation's leading commercial and multifamily real estate researchers, Philip Martin of Chicago-based Waterton, will join us to share his insights on the state of the apartment market, and his expectations for fundamentals and capital markets in 2017.
About the Hosts
VP, MPF Research
Jay Parsons is a Vice President for MPF Research, the market intelligence arm of RealPage, Inc. Jay oversees the research, analysis and services teams. Jay has written commentary pieces for several publications, including GlobeSt, Multifamily Executive, the Mortgage Bankers Association, American Banker, Units and Multihousing Pro.
VP, Market Research
Mr. Martin joined Waterton in 2013 and serves as vice president of market research. In this role, Mr. Martin is responsible for creating original research and better assessing and assimilating external research in support of the investment strategy, acquisitions, asset management and disposition disciplines. Mr. Martin works closely with external research providers, as well as internal resources including Waterton’s portfolio management, acquisitions and operations teams to best analyze and incorporate current market data in the investment, valuation and annual business planning processes.
Mr. Martin has over 20 years of experience in real estate advisory/underwriting, and the REIT and financial services industries. Prior to joining Waterton, Mr. Martin was director of real estate research and strategy with Morningstar and Cantor Fitzgerald. Mr. Martin was also previously with Golub and Company, a principal commercial real estate investor based in Chicago. Mr. Martin began his career in 1991 as a founding member of the First Union/Everen Securities Real Estate Equity Research and Capital Markets Group. Since 1991, he has advised both real estate investors and corporations, and helped to raise more than $10 billion of equity and debt capital.
Mr. Martin is a graduate of DePaul University in Chicago.