Study Methodology: Between Feb. 20 and March 3, NREI subscribers were emailed requests to participate in an online survey. The effort resulted in a total of 1001 completed surveys, including 947 respondents involved in the multifamily sector as investors, developers, brokers or lenders. Overall, 45 percent of respondents listed their titles as owner/partner/president/chairman/CEO/CFO. Geographically, 45.6 percent of respondents operate in the East, 43.8 percent in the West, 41.9 percent in the South and 36.1 percent in the Midwest.

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