RT Journal Article
SR Electronic
T1 Gimme Shelter: <em>Defining Market-Rate Affordable Housing and Its Investment Performance</em>
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 187
OP 201
DO 10.3905/jpm.2017.43.6.187
VO 43
IS 6
A1 Hans Nordby
A1 Ethan Vaisman
A1 Andrew Rybczynski
YR 2017
UL https://pm-research.com/content/43/6/187.abstract
AB In the midst of historically low multifamily vacancies, a large supply wave of high-end apartments, and a national discussion of wealth inequality, multifamily conversations increasingly include housing affordability and the availability of affordable multifamily housing. The problem is that although there is much talk, there is no lingua franca. Definitions of the size, scope, and characteristics of the nonsubsidized affordable housing market do not exist. In this article, the authors define the inventory and explore the investment characteristics of nonsubsidized naturally occurring affordable housing in the United States.TOPIC: Real estate