The multifamily sector has been questioned a lot recently. Why all of the questions? People tend to be skeptical of success. So with all of the success the multifamily business has been having lately naturally questions and analysis will follow. Is it truly a sustainable market? When will the market dry out? How stable is it? Real estate expert Giro Katsimbrakis gives you the answers.

1. Sustainable
Future?
No
Problem.
By
Giro
Katsimbrakis
December
11,
2013
The
multifamily
sector
has
been
questioned
a
lot
recently.
Why
all
of
the
questions?
People
tend
to
be
skeptical
of
success.
So
with
all
of
the
success
the
multifamily
business
has
been
having
lately
naturally
questions
and
analysis
will
follow.
Is
it
truly
a
sustainable
market?
When
will
the
market
dry
out?
How
stable
is
it?
All
good
questions
but
results
have
pointed
to
little
worry
amongst
the
experts.
When
it
comes
to
pure
numbers
National
Real
Estate
Investor
and
the
Commercial
Real
Estate
Show
have
comprised
that
the
multifamily
market
will
be
comparable
to
2012
by
the
end
of
2013.
The
national
market
analysis
manager
for
Real
Page
Inc.,
Jay
Parsons
mentioned
that
approximately
47,000
units
had
been
absorbed
across
the
country
for
the
third
quarter
totaling
over
163,000
for
the
year
thus
far.
Rent
has
also
increased
over
1
percent
for
the
quarter
and
over
3
percent
for
the
year
to
date.
The
numbers
are
now
steadily
increasing
after
an
initial
boom
towards
the
end
of
2012.
With
this
steady
growth
it
appears
that
it
is
a
good
time
to
buy
in
the
multifamily
market.
Some
have
expressed
concern
of
overbuilding
being
an
issue
but
Parsons
has
stifled
these
concerns
explaining
that
overbuilding
has
only
been
unique
to
specific
markets.
Moreover
“construction
has
essentially
flat-­‐lined”
allowing
the
multifamily
market
to
remain
currently
sustainable.
Why
so
sustainable?
Parsons
and
others
believe
with
job
growth
being
populated
more
so
by
recent
college
graduates
and
young,
unmarried
adults
translates
to
more
renters
than
owners.
Parsons
calls
these
individuals
“Gen
Y
renters”
and
sees
many
developments
tailored
to
this
group.
This
allows
some
experts
to
not
only
believe
the
multifamily
market
is
sustainable
but
expect
a
steady
increase
until
the
end
of
2016.
So
will
the
market
dry
out
and
is
it
stable?
With
interest
rates
at
record
lows
in
some
instances
and
the
ability
to
refinance
in
early
stages
as
well
as
the
option
to
pay
cash,
now
is
a
perfect
time
to
buy.
Multifamily
will
consistently
be
a
good
choice
in
the
future
as
it
is
the
sector
leading
currently
in
the
realm
of
commercial
real
estate.
To
be
worried
about
market
sustainability
will
always
be
a
constant
but
as
it
stands
all
signs
point
to
positive
experiences
in
the
multifamily
sector
nationwide.
Giro
Katsimbrakis
has
twenty
years
worth
of
real
estate
industry
experience.
He
began
as
a
leasing
agent
for
Kiska
Developers
in
New
York
City,
and
quickly
worked
his
way
up
the
company
ladder
to
Director
of
Sales.
After
bringing
the
company
out
of
the
red
and
expanding
its
office
to
over
twenty
agents,
he
started
his
own
commercial
and
residential
real
estate
company,
East
River
Properties.
After
taking
over
the
Las
Vegas
and
Arizona
markets,
Giro
Katsimbrakis
relocated
to
the
Dallas/Fort
Worth
area
and
founded
DPW
Properties,
which
he
is
currently
in
the
process
of
expanding
nationwide.
Throughout
his
long
and
successful
career,
Giro
has
rehabbed
over
four
hundred
properties,
and
bought
and
sold
millions
of
dollars
worth
of
real
estate.