Real-estate investors across the U.S. are betting heavily on apartment buildings in the South and Southwest, chasing population growth and soaring rents they expect will keep outpacing inflation this year.
Landlords say they are following the migration patterns of workers and their employers, who relocated to Florida, Texas and other southern states during the pandemic. These states’ warm weather, business-friendly governments and laws, lower taxes and fewer regulations have been attracting companies and workers from California, the Northeast and other corners of the country.
