TOTAL EQUITY RAISE
As of July 2022, consumer prices had posted some of their fastest increases in more than 40 years.
Low unemployment has led to higher wages, which has somewhat offset the impact of rising prices.
Vacancy dropped 20 basis points in the first half of this year and should remain flat in the coming quarters.
Developers respond to strong renter demand by moving more projects into the construction pipeline.
Additional rent growth is forecast for the second half, but the pace of increases will be more modest.
With interest rates on the rise, cap rates have ticked up from 2021 levels. Cap rates averaged 4.2 percent in the first half.
We look forward to our acquisition of this amazing investment opportunity, and look forward to partnering up with you!