Indianapolis Emerges As ‘Star of the Midwest’

  • July 17, 2023
  • Multifamily Affordable Housing

Matt Ewig, managing director in Walker & Dunlop’s capital markets group commented, “We have seen that most of the new supply has been at the high end of the market. The other dynamic that has been at play over the last decade is in the acquisition rehab market, in which owners have acquired Class B and C properties and renovated them up to a Class A level and increased rents. This is good for the market as these apartments are getting the capital improvements they need, but one consequence is a decreased supply of affordable units.”

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