Real Estate Investors Set their Eyes on the South

The Wall Street Journal reports that momentum is growing in multifamily apartment real estate in the South and Southwest among investors. Investors poured a record $335.3 billion into apartments across the country in 2021. Nearly a quarter of it went to just four metro areas in the Sunbelt: Dallas, Atlanta, Phoenix and Houston. In other Sunbelt cities, total multifamily investment more than doubled over the year prior. This comes amid a shift in migration patterns due to the growing number of businesses relocating and soaring rents in other parts of the country. These new trends have triggered concerns over affordability in certain cities with lawmakers discussing policy implementations, including the possibility of rent control, to address the issue.

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