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The Top Multifamily Stories of 2020
The apartment industry faced new challenges and demonstrated its strengths in a year of unparalleled turbulence.
Dec312020
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The apartment industry kicked off 2020 in a position of strength, benefitting from job growth, low interest rates and robust sector fundamentals. Nobody could have predicted the turbulent events of March and April, which saw a global pandemic and public health response that affected billions of lives and brought much of the U.S. economy to a standstill.
Multifamily owners and operators were forced to quickly adapt and innovate in the face of new social distancing guidelines and renters’ strained economic circumstances. But, with the federal government propping up residents with stimulus money and additional unemployment benefits, the industry weathered the storm better than most other commercial property sectors. While major hurdles remain, the resiliency of multifamily ....

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