Developer Quintin Primo, who has done more than $14 billion worth of transactions over his decades-long career, is currently eyeing revitalizing Chicago’s Loop in his hometown, among other projects. Wherever his firm, Capri Investment Group, finds itself, one thing is for certain: Primo is serious about executing, seemingly, insurmountable tasks with compassion.
Multifamily Executive caught up with leaders from across the rental housing industry to find out their priorities and outlooks for 2024. Here’s what they had to say.
Defined by an amalgam of challenges—a global health crisis, record-high inflation, widespread unemployment, rising costs, as well as scarce and expensive debt—the past three years have brought the country’s affordable housing stock to an all-time low. Nationwide, the need for affordable housing is acute, so the urgency to guarantee access to low-cost and quality housing has become acute.
Nearly four years out from the start of the pandemic in the U.S. and so much has changed, so little has as well. The cost of doing business has increased due to rapid inflation; that rate of increase has since cooled. Technology has advanced as technologies do, but at the same time, different tech has been enhanced at different rates. New solutions have been invented for problems that never existed. And new business plans and models have been adapted to flow with workforce and building developments.
The Smart Agency