Multifamily Investment Expectations During and Following the COVID-19 Recession
ApexOne believes the current economic crisis will ultimately create increased demand in multifamily properties by residents. Job uncertainty, reduced income, eroded personal wealth, and a tightening of the credit markets may result in residents remaining in rental properties longer; furthermore, we believe as new households are formed, more will elect to rent than own.Housing and nourishment are the two primary "needs" of individuals and families regardless of the economic picture. Shopping, entertainment, travel, luxuries, and other optional "wants" will be sacrificed during times of financial hardships to keep food on the table and a roof overhead. The necessity of housing along with the aforementioned trends and projections leads ApexOne to continue to believe the multifamily industry is uniquely positioned to weather market downturns, rebound more quickly from the recession and sustain rent growth following the recovery period longer than other real estate sectors.
- Review Historical Performance of Real Estate sectors during and following past recessions
- Sales Volume Activity leading up to and during the 2020 recession compared to the 2008 recession
- Choosing the Best Multifamily Markets to invest in during the post COVID-19 Economy
- Pricing Discounts and Return Expectations of Investment during and following the COVID-19 Recession
- Targeting Acquisitions during and following the COVID-19 Recession
Event Recording
Multifamily Investment Expectations During and Following the COVID 19 Recession
Speaker
Ernest Johnson
- Title
- Executive Managing Director @
- Company
- ApexOne Investment Partners
- Role
- Speaker
Ernest is an Executive Managing Director with ApexOne Investment Partners, a private equity firm investing in the multifamily sector. Ernest focuses on capital markets, fund strategy, financial administration, and investor communications. Ernest has extensive real estate experience with some of the industry-leading firms, including 17 years with PM Realty Group and 10 years with JMB Property Company.
Immediately following graduation from college, he managed a national multifamily student housing portfolio and was responsible for all facets of operations, including acquisitions, dispositions, construction, and finance.
Ernest is actively involved with National Multifamily Housing Council. He serves on the Advisory Council for Auburn University’s Master of Real Estate Development program and is also on the University of Florida’s Bergstrom Real Estate Center Advisory Board. Ernest previously served as the Chairman of the Board of Trustees for the Lone Star Chapter of the National Multiple Sclerosis Society and has been inducted into the MS Society’s National Fundraising Hall of Fame. Ernest graduated with a Bachelor of Science in Business Administration from Auburn University (1980).
About
ApexOne Investment Partners
ApexOne Investment Partners, LLC, a Texas limited liability company, is headquartered in Houston, Texas, with offices in Chicago, Illinois, Boca Raton, Florida, and Phoenix, Arizona, and, together with its affiliates, has substantial experience in real estate acquisition, syndication, financing, development, and disposition, as well as real estate transaction management. James A. Hearn, Ernest Johnson, Tim Burns, William Saul, and David Steele are the principals of ApexOne (the “Principals”).
Following on the success of ApexOne Growth & Income Fund I, LP, a Delaware limited partnership (“Fund I”), ApexOne Growth & Income Fund II, LP, a Delaware limited partnership (“Fund II”), and ApexOne Multifamily Fund III, LP, a Delaware limited partnership (“Fund III”), ApexOne has formed ApexOne Multifamily Special Situation Fund IV, LP, a Delaware limited partnership (the “Partnership”), to make investments in direct and indirect equity interests in multifamily residential properties, including those requiring capital infusion, repositioning, post-development leasing or which may be subject to a distressed sale, as well as indebtedness secured by such multifamily residential properties.
ApexOne Investment Partners has acquired 46 properties and invested over $1.5B in workforce and student housing communities over the last seven years. ApexOne prides itself on providing excellent living environments to its residents, high returns, and transparent communications to its investors while reducing the environmental impact of their properties. Their fund level returns on fully cycled properties have averaged over 28% and Over 94% of ApexOne’s investors have repeatedly invested in all three of their Funds.