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Study finds middle-income housing fund outperforms high-dollar real estate


“An Austin investment fund created to support and stabilize middle-income rental housing has been verified as an attractive and viable investment by researchers from two Texas universities.

Affordable Central Texas, which began acquiring middle-income rental communities in late 2018, has been found to have a higher return (9.4 percent) and lower risk (a spread of 2.6 percent) than similar investments in high-income and luxury properties across the country. The¬†eight-month study¬†from University of Texas associate professor Jake Wegmann and Southern Methodist University real estate researcher Mark Roberts looked at data in Atlanta, Austin, Dallas, Denver, Houston, Phoenix, Seattle, and Washington D.C. from 2011-2021. (New York City, Chicago and Los Angeles were excluded because they lacked enough middle-income assets to meaningfully study.)”