Last week IMG attended the annual National Multifamily Housing Council’s Annual Meeting in Orlando, Florida. The industry gathering brought together new ideas and the chance to network, plus learn about multifamily trends and statistics. Attendees left with powerful business insight into what lies ahead for the U.S. economy and apartment investing.
Since IMG has been attending the conference, it has ballooned from a few thousand attendees to almost 6,000 this year.
“One of the reasons for this is the amount of growth in the multifamily space,” says Kevin Crook, Director of Acquisitions & Dispositions. “Apartments are a hot investment right now.”
“IMG is always looking for new sources and apartment communities to buy. The NMHC conference was a great place to see new inventory and meet brokers we have established relationships with, but also make connections with new brokers and investors,” says Kevin.
“It’s nice to put a face with the people you’ve done these significant multifamily transactions with.”
An emergence in diversity
In addition to the growing number of attendees, one other emerging theme at the NMHC conference was the increase in diversity seen throughout the audience and speaker panels. “It’s important to share—and hear—different perspectives at these national, annual conferences. Diverse thought leadership, like you’ll find in IMG’s principals and staff, is essential to our industry’s success,” he says.
Everyone at the 2020 NMHC event shared the same passion about real estate, alternative investments, technology, and trends,” says Kevin.
And what about the “R” word? No one really spoke about a recession. The conversations were “more about how we can buy and sell more real estate, who’s selling what, and which apartment markets are forecasted to perform the best,” he added.
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is the leadership of the trillion-dollar apartment industry. NMHC brings together the prominent apartment owners, managers and developers who help create thriving communities by providing apartment homes for 39 million Americans. NMHC provides a forum for insight, advocacy and action that enables both members and the communities they help build to thrive. For more information, visit NMHC’s website at www.nmhc.org.
Investors Management Group offers multifamily investments via 506(c) securities to its partners investing cash, self-directed IRA funds and 1031-exchange proceeds. Since 2010, IMG has transacted over $1.4B with $450M in multifamily assets (over 2,500 units) currently under management nationwide.