Demographic Shifts Favor "Apartment Building" Investing

By Mike Switzer

Published September 22, 2020 at 5:30 AM EDT

The National Apartment Association recently reported that the U.S. needs about 4.6 million new multifamily units over the next 10 years just to keep up with demand. That’s about 328,000 new units per year. What’s driving this demand and how can investors take advantage of it?

Mike Switzer interviews Karen Oeser, a chartered financial analyst with East Light Investments in Simpsonville, SC. She’s also a member of the South Carolina Chapter of the CFA Society.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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