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The current multifamily CRE market continues to be an attractive investment option as supply side housing problems and increased borrowing cost for home buyers are placing upward pressure on demand. The enactment of the MBTA Communities Act in January 2021 which requires 177 Cities and Towns to establish “at least 1 district of reasonable size in which multi-family housing is permitted as of right.” Where possible, the district must be within a half mile from public transportation (commuter rail, bus station, ferry terminal or subway) seeks bring more dense housing options to these communities. Topics will focus on economic and real property implications of the MBTA Communities Act, as well as current status of the multifamily market in the region. Participants will learn about the challenges facing the communities, developers, and investors which all impact appraisal analysis and conclusions. The four speakers will give presentations and participate in a moderated panel discussion.

Four speakers will give presentations and participate in a moderated panel discussion.

• Jamie Helen, MPA; Town Administrator at Town of Franklin, MA
• Kendin Carr, Vice President Colliers
• Ellen Marya, Research Manager at Massachusetts Housing Partnership
• Geoff Lewis, The Michaels Organization

Schedule of Events

• 12:00 pm – Check-in, lunch & Q2 2024 Chapter Business Meeting*
• 12:30 pm – Two Hour CE program,Multifamily Market and the Impact of the MBTA Communities Act

*The Election of 2025 Officers, Directors, and Regional Representatives will take place at this meeting.