Welcoming Diana Yang as Managing Director, Investor Relations
Irvine, CA – January 2, 2025 Kairos Investment Management Company (“Kairos”) is pleased to announce the hiring of Diana...
January 14, 2022
With rental rates surging in the past year — asking rents were up by double digits in most major markets across the United States as of early 2022 — the need for affordable housing has come into even sharper focus.
Nearly three-quarters of households earning less than $30,000 per year and almost half of households earning between $30,000 and $45,000 per year are cost burdened, according to Harvard University’s Joint Center for Housing Studies. (Cost-burdened households are defined as those paying more than 30 percent of income for housing.)
The demand for affordable housing outstrips the available supply, which creates an opportunity for investment in the segment, notes Jonathan Needell, president and CIO at Kairos Investment Management.
As an investment class, affordable housing can be either regulated — with rents tied to area median income (AMI), often reserved for households with 60 percent or less of AMI — or unregulated, often called “naturally occurring affordable housing” or NOAH. What is often called “workforce housing” is unregulated but generally aimed at low- to middle-income renters.
“Affordable housing is an asset class that continues to be undersupplied,” says Needell. “There is simply not enough product to support ongoing demand. In fact, demand for affordable housing actually increased during the pandemic. This supply imbalance is one of the reasons this asset class is attractive to investors, as it is a relatively stable asset class that performs in both up and down markets.” Needell points out that many affordable communities have strong occupancy rates and waiting lists, resulting in very limited turnover.
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
Irvine, CA – January 2, 2025 Kairos Investment Management Company (“Kairos”) is pleased to announce the hiring of Diana...
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Copyright © 2025 Kairos Investment Management Company | Disclosures
Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
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