The Impact of Supply Changes on Real Net Operating Income: The Multi-Family Perspective

  • May 20, 1992
  • • Written by: Richard T. Garrigan, CRE Joseph L. Pagliari, Jr.

Spring/Summer 1992, Vol 17, No 1

Abstract: Against the backdrop of historical debt and equity capital market flows, this article examines the impact of additions to the supply of multi-family dwellings on real (i.e. inflation adjusted) net operating income.