Here They Come.
And They Will Need Housing !
Ricardo Mor had an interesting piece in the Miami Herald, July 23.
83.1 million Millennials and 30% of them living at home! Incredible!
These 18-to-34-year-olds are historically our apartment dwellers, taking their first steps toward independence. But today, they are still living at home.
Do the math. That’s almost 25 million young people – potential apartment renters. The pent-up demand is huge and increasing. New construction cannot keep up. Plus new construction is far too expensive for the entry level worker or new college grad.
That’s exactly why Lloyd Jones Capital is acquiring existing apartment complexes and re-branding and improving them in order to accommodate this exploding demographic that represents one-quarter of our nation’s population.
Read Mor’s article that details why we must get our “…millennials out of their childhood bedrooms and into their own homes.” http://www.miamiherald.com/opinion/op-ed/article28360489.html. You will want to join us in our investments.
About Lloyd Jones Capital
Lloyd Jones Capital (www.lloydjonescapital.com) is a private real estate investment and asset management firm that specializes in the multifamily sector. The company identifies, acquires and improves multifamily real estate in growth markets throughout Texas, Florida and the Southeast on behalf of institutional partners, private investors and its own principals.
The company's senior leadership team has many years of experience in all aspects of the multifamily industry. Its founder and CEO has developed, constructed, and managed approximately 40 apartment communities and 20 USPS facilities across the country.
Headquartered in Miami, the company also has offices in Tampa, Fort Lauderdale, and Jacksonville, FL; Houston and Dallas/Fort Worth, Texas.