Special Report: Owners Weigh Master Leases

“We have far too many homeless people and we need a solution,” Kitty Wallace, a senior executive vice president and multifamily expert at Colliers, said. “We’re short of 800,000 housing units so we need a solution for that as well. This is definitely an option.”

However, while this allows for the swift shuttle of people off the streets, signing a master lease itself does not generate any more housing units.