CPI Capital invests in the multifamily asset class because of its recession resistant characteristics. During the pandemic, multifamily occupancy rates and rent collections remained very strong. With tremendous performance to date through the pandemic, we are now beginning to see significant performance improvements in 2021.
April 2021 was significant since it experienced the greatest month-over-month growth in rent since 2017 as it increased by 1.9% nationally. This is a record-setting month, and allowed rents to recover to levels higher than pre-pandemic levels. Between March to June 2020, rents dropped a total of 1.3%. This drop was overcome in March 2021 when rents increased by 1.4% and then subsequently increased by 1.9% in April 2021. The 2.3% year-over-year increase in rents from 2020 to 2021 is the highest growth in years.
All these stats point to multifamily’s resilience and substantial upside as rents have recovered and continue to grow. Multifamily investing is a time-tested strategy and there seems like there is no better time to invest in real estate. If you want to invest in multifamily real estate and want to get access to CPI Capital’s exclusive investment opportunities in high growth markets, sign up for our Exclusive Investors Club.
– Ava Benesocky
CEO, Co-Founder Canadian Passive Investing
– August Biniaz
Chief Strategy Officer, Co-Founder Canadian Passive Investing