CARROLL Sees Long-Term Resiliency for U.S. Apartment Sector
[CARROLL] believes that the Covid-19 pandemic is accelerating an exodus from cities like New York and San Francisco to smaller metros with a lower cost of living and a higher quality of life.
"[CARROLL] built its brand on acquiring income-producing multifamily properties in states that include Georgia, Texas, the Carolinas, Tennessee, Florida and Arizona. Broadly speaking, these states has identified themselves as pro-business and have benefited from a migration of skilled workers from larger cities that have a more expensive cost of living."