Rental housing is his top sector pick. Supply pipelines are way down, concessions are falling, occupancy is starting to rise, and rents are stabilizing. The median age of a first-time homebuyer has jumped from 33 to 40 in six years, forcing people to rent longer across their life cycle. This creates sustained demand for high-quality rental housing products.
Early recovery, limited competition, strong fundamentals
Real estate is in the early stages of recovery with supply pipelines way down, occupancy picking up, and rents stabilizing. Most investors are sitting on their hands due to fear and paralysis, creating a window of limited competition and attractive entry points. Strong cash flow growth potential makes this an opportune time to invest broadly.