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 in class B and C multifamily assets provides an investment opportunity with good fundamentals for investors – steady demand, low vacancy rates, and the ability to incrementally raise rents with capital expenditures and improved management. Rather than building new workforce housing in a costly construction market, Kingbird Investment Management is capitalizing on an opportunity to invest in existing cash-flowing assets, and enhance 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 in class B and C multifamily assets provides an investment opportunity with good fundamentals for investors – steady demand, low vacancy rates, and the ability to incrementally raise rents with capital expenditures and improved management. Rather than building new workforce housing in a costly construction market, Kingbird Investment Management is capitalizing on an opportunity to invest in existing cash-flowing assets, and enhance their value.