Many specialty REITs have seen double-digit FFO growth in 2018 versus the broader REIT market.

Pressures within the sector are already being felt.

For those in the real estate business it’s imperative to continue to adjust to trends that are attracting this younger demographic.

A good sub-market for a value-add play should show a difference of several hundred dollars between the cost of renting a new, luxury apartment and the cost of renting an older unit.