Vice President & Senior Analyst, Moody’s Investor Service
By Christopher Wimmer, Moody's Investor ServiceNational 15 December 2010 16:44
Induced by inexpensive capital and stronger property cash flows, multi-family REITs are expanding their development pipelines. Numerous macroeconomic, financial market and regulatory uncertainties remain, as well. Overall, we view events as strengthening multi-family REIT credit quality, although significant risks remain.