In our quest to offer a balanced portfolio to our investors, Herndon has made considerable investments in residential real estate. Millennials and Generation Z are waiting longer to settle down, which in turn has created valuable opportunities in the rental market. The demand for apartments in urban settings has increased dramatically, and Herndon has strategically invested in complexes in prime locations around the globe.
Another area seeing strong growth are lifestyle properties. These offer residents significant amenities- including easy access to fine dining, on-site gyms and beachfront settings.
Included in this group are a subset of assets acquired to service the burgeoning vacation rental market. Houses, villas and even estates are in high demand by travelers seeking more space as well as a “home away from home” experience while on holiday.