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Multifamily Housing Drives U.S. Real Estate Growth

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Based on the ninth annual Akerman U.S. Real Estate Sector Report by top U.S. law firm Akerman LLP 70% of real estate executives and investors say they are more optimistic about for 2018 market activity than in the last two years.

According to the firm’s findings, executives agree that a top trend is growth driven by multi-family housing. Sixty three percent of respondents say real estate investing in multifamily is the most active segment this year based on the Akerman data. This marks a stark change from 2017 when 43 percent of commercial real estate leaders predicted single-family homebuilding would outpace investing in multifamily properties.

"We’ve found that the market continues to be active for the purchase and redevelopment of multifamily properties," states Rob Stone, Founder and CEO of Andover Real Estate Partners. In 2018 alone Andover has closed 3 deals totaling $70 million in Southeast Michigan and will be closing on another apartment community in South Florida…