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Demand Drives Multifamily to Record-Breaking Heights

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Multifamily | U.S. Capital Markets

Investors continue to capitalize on the red-hot multifamily market, where unprecedented demand is translating into record-breaking numbers. Nationally, fundamentals are in fantastic shape leading multifamily to capture the largest share of total investment last year.

In this report, we examine record-low cap rates in markets across the country, market rent growth and migration trends, and opportunities for investors through new developments.

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Demand Drives Multifamily to Record-Breaking Heights

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Aaron Jodka

National Director of Capital Markets Research


As Director of Research | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. He synthesizes and interprets a variety of data and information to stay ahead of trends that put our clients in an optimal position to make informed decisions. Aaron promotes the Colliers brand via best-in-class research reports, weekly insight posts, thought leadership, and contributions to numerous panels, media outlets, and industry events.

Aaron collaborates with every team at the firm and wears many hats: in-house economist, advisor, consultant, thought leader, strategic business analyst, presenter, and, of course, researcher. He connects with various industry experts within the Colliers organization to provide a customized solution for each client.

With a deep understanding of markets throughout the country, he provides a unique perspective on market dynamics across asset types and investment strategies, providing clients with tailored data and analytics to ultimately guide decision-making solutions.

Before joining Colliers, he spent 11 years with Property & Portfolio Research (PPR), now CoStar Portfolio Strategy. There, he advised institutional clients on their commercial real estate investment strategies across property sectors and also spoke at industry events, quarterly CoStar webinars, and in front of client audiences. Aaron also led and directed a team of economists who monitored property markets across the United States. Near the end of his tenure, he helped establish a new business unit at CoStar, leading in the hiring, training, and coaching of a team of 50 market analysts. 

Outside of the office, Aaron can be found cheering on his children at their extracurricular activities. He also enjoys hiking, travel, relaxing at home or at the lake, or plugging away at one home project or another. Last but not least, he's an avid fan of Boston sports teams.

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Will Mathews

Vice Chair, Principal


Will Mathews is primarily responsible for procuring, executing, and closing multifamily investment sale transactions throughout the United States. Mr. Mathews specializes in institutional and private capital multifamily sales and the placement of equity and debt capital. Since joining Colliers in January of 2012, he has assisted with the sale of over 73,000 apartment units totaling $7.5 billion. Routinely recognized by Colliers as a top producer nationally, Mr. Mathews sits on the Colliers U.S. Capital Markets Board as an advisor and multifamily lead. With $2.5 billion in sales over the last 12 months, encompassing 15 States plus The Bahamas, Mr. Mathews accelerates client success by sourcing out-of-market buyers with discretionary capital.

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