Stewart Hsu

From Christine Serlin, Editor of Apartment Finance Today:

“According to Emerging Trends in Real Estate 2009, a report released in October by the Urban Land Institute and PricewaterhouseCoopers, the financial and real estate markets will bottom out in 2009 and continue to flounder in 2010. But the report shows some brighter spots for the multifamily industry. It lists the apartment market as the No. 1 “buy” due to distress in the single-family market. And real estate experts believe moderate-income apartments in core urban areas near mass transit offer the best value. The apartment market also takes the report’s top position among the property sectors most promising for investment.”