In conversation with Samantha Rowen at PERE Credit, Paul Giorgio underscores EAP’s focus on ground-up multifamily investment, citing a multi-year decline in construction starts that is expected to reduce new supply in 2026 and 2027. The decline in new development is set against a backdrop of broader structural undersupply in the housing sector supporting the case for selective new development. This coupled with competitive construction pricing, has resulted in much lower costs relative to peak pricing in 2022, creating real opportunities to invest in high barrier to entry markets.

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