As featured in “Multi-Housing News”
Richard Berger, Multi-Housing News, 13 February, 2025
RREAF Holdings remains highly optimistic about Charlotte’s multifamily market, with Chief Investment Officer Brad Webb emphasizing the region’s strong economic and population growth. Speaking to Multi-Housing News, Webb highlighted RREAF’s recent acquisition of a 201-unit property in December 2024 and its plans to expand further with an additional 750+ units under consideration. He pointed to constrained multifamily housing deliveries due to rising construction costs and interest rates, predicting that continued demand driven by net migration will push both market rates and occupancy levels higher in the coming years. Read all of Webb’s insights below.
Also very bullish on the area is RREAF, according to Brad Webb, chief investment officer at RREAF Holdings. In December of 2024, it acquired a 201-unit multifamily property and is actively looking at another 750+ units in the market to expand its presence, Webb told MHN.
In 2024, Charlotte delivered over 15,000 multifamily units, with more than 12,500 units absorbed. Since 2022, Charlotte’s population has grown by more than 7.3 percent. With continued strong economic development projected for the business-friendly region, RREAF anticipates this job growth and population growth trend to persist.
“Due to the interest rate environment and rising construction costs over the past couple of years, we do not expect multifamily housing deliveries to reach the high levels experienced in 2022-2024,” Webb said. “As deliveries remain constrained and net migration continues to drive demand, we anticipate that both market rates and occupancy levels will continue to rise in Charlotte over the next several years.”
To read the full article on Multi-Housing News’ website, please click here.
