California has many multifamily developments and properties underway, particularly in key cities that demonstrate ample growth such as San Francisco, San Jose, Los Angeles, Sacramento, and San Diego. . Thus, wealth management firms and private investors have the potential opportunity to invest in some of these current multifamily projects throughout California.
Cities in California are currently seeing growth in population
According to the California Department of State, the aforementioned cities are currently experiencing population growth and thus could become ideal locations for more future developments within the multifamily investment sector. Dublin, California, a suburb of San Francisco, is an epitome of the rapid growth of cities in California. Additionally, the Bay Area is overall the fastest growing region in California – particularly San Jose, which now boasts a population of over 1 million.
Encore Enterprises understands the need for multifamily housing and the potential investment opportunities for private investors and wealth management groups. Bill Schooling, the Chief Demographer for the California Department of Finance, noted, “the growth is continuing in an upward trend.”
National Real Estate Investor estimates that while San Diego, Orange County, San Jose, San Francisco, and Oakland have delivered a cumulative total of 24,900 new units in 2014, this has not been enough to meet the demand for multi-family housing. Additionally, the demand has overall remained strong, and vacancy rates have been very low across much of California, especially San Diego County, Los Angeles, Orange County, and the Inland Empire.
Multifamily Investments in California
Multi-family investment opportunities are available to qualified EB-5, high-net-worth, and institutional investors through Encore Enterprises’ capital groups. To learn more, please visit www.encore.bz/investor-relations.