We believe everyone deserves an affordable, dignified place to live. There is a housing affordability crisis in the United States, as cities across the nation experience a housing disconnect. Many people are unable to find or afford a place to live even as new construction starts – primarily luxury apartment towers in prime markets – have added up to a multifamily building boom. Demographic changes and limited new construction have led to a shortage of rental apartment opportunities for middle income households.
Workforce housing, primarily in class B and C multifamily assets, provides investors an investment opportunity with strong demographic and demand fundamentals: steady demand, low vacancy rates, and the ability to incrementally raise rents through capital expenditures and improved management. Rather than building new workforce housing in a costly construction market, Kingbird Investment Management is capitalizing on this opportunity by investing in existing cash-flowing assets and enhancing their value.
Corporate Responsibility
We believe everyone deserves an affordable, dignified place to live. There is a housing affordability crisis in the United States, as cities across the nation experience a housing disconnect. Many people are unable to find or afford a place to live even as new construction starts – primarily luxury apartment towers in prime markets – have added up to a multifamily building boom. Demographic changes and limited new construction have led to a shortage of rental apartment opportunities for middle income households.
Workforce housing, primarily in class B and C multifamily assets, provides investors an investment opportunity with strong demographic and demand fundamentals: steady demand, low vacancy rates, and the ability to incrementally raise rents through capital expenditures and improved management. Rather than building new workforce housing in a costly construction market, Kingbird Investment Management is capitalizing on this opportunity by investing in existing cash-flowing assets and enhancing their value.