Nickolay Bochilo of Bell Partners on President-Elect Trump’s immigration policy and possible resi sector impacts

Bell Partners CIO Nickolay Bochilo predicts both supply and demand of US multifamily housing could come under pressure

Dec. 25, 2024 – Nickolay Bochilo, Chief Investment Officer at Bell Partners Inc., was recently featured in a PERE article about the potential impact of Donald Trump’s proposed immigration policy on the resi sector. Nickolay’s insights included how supply and demand of US multifamily housing could come under pressure and the general “nuanced” effect Bell forecasts on the resi sector.

“The health of this sector has been fueled in part by immigration … Immigrants generally tend to be renters either first or forever, depending on their continued status, but certainly highly tilting towards rentership as opposed to ownership.”

PERE is a professional publication covering the world’s private real estate markets. PERE focuses on tracking the relationship between investment managers and investors, including how their interactions drive equity capital into private real estate.

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