When a property is exchanged for another property using the same strategy, the value creation is cumulative and further enhances our bottom line profitability.
The current US economic expansion will continue at least through the 2019 with an annual rate of 3.5% to 4% and absent global geopolitical crises, consumption and employment will be strong. All these considerations favor multifamily real estate.
The supply of new construction has experienced moderate decline in the past 3 years as measured by the new construction permits . Favorable employment and wage trends will yield to improved vacancy rates.
In aggregate, the multifamily real estate industry is in a good position compared to others and many analysts believe that its growth potential exhibits characteristics of a ‘late-cycle prolonged’ growth
Lexerd’s average vacancy rates are well below current and forecasted national rates. While the average national vacancy rate is 6.1% Lexerd’s rate approaches 4.5% across all properties a testament of effective management of acquired properties.