Gone are the days when young couples were yearning for homeownership as soon as possible as part of the American Dream. Millennials are renting – and the landlord is likely not a small business/building owner but a corporation such as Equity Residential or a Real Estate Investment Trust (REIT) such as Blackstone Group. However, research on emerging real estate trends also indicates that those millennials putting off home buying will keep their eyes on single family houses in suburbs surrounding the “18-hour cities” (vs the “24-hour city” hot market spots: Boston, New York, Los Angeles, Charlotte, San Francisco and Washington, D.C.) when they are ready to settle down.
“Researchers are seeing more evidence the younger generation that put off buying a home has its eyes on single-family homes, meaning that housing surrounding these so-called 18-hour cities—especially if it’s in walkable, transit-oriented developments—is in high demand,” writes Patrick Sisson in his engaging article, The 10 Top Emerging Trends That Will Shape Real Estate in 2019. Sisson adds that statistics from the Census Bureau also indicate the shift to suburbs surrounding the so-called “second cities.”
Here are 3 documents from companies involved with real estate:
Restricted Stock Grant and Acknowledgment
Support and Services Agreement
AMENDMENT TO THE SECOND AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF COLONY STARWOOD HOMES PARTNERSHIP, L.P