The last three and a half years have been a whipsaw of a ride for the multifamily market. Following the surge in leasing demand during the pandemic, demand to own apartment buildings boomed, which drove transaction volume to record highs. Shortly thereafter, the Federal Reserve began raising interest rates to combat inflation that turned out not ... Read More ›

There weren’t many apartment units purchased in the first quarter of this year. In fact, purchases of multifamily properties dropped to the lowest levels observed since the early days of the pandemic four years ago. One clear contributor to this decline is the increased cost of capital – interest rates are considerably higher than they were ... Read More ›

It’s hard to know what apartment buildings are worth nowadays. With multifamily transaction volume at its lowest point in four years, comparable transactions, or “comps”, which are often used as a reference point to estimate value, are few and far between. The limited availability of comps increases the uncertainty of property valuation estimates. ... Read More ›

In times of economic uncertainty, people tend to stay put. After all, why take on new financial obligations, like an apartment lease, when the future is less certain? Today, though unemployment remains low, inflation remains high, and the recent slew of layoffs at tech companies has many worried about their own financial position. The recent, ... Read More ›

At first glance, converting old office buildings into apartments seems like an obvious solution to two pressing real estate challenges. There’s a national housing shortage of several millions of housing units, and office space is substantially underutilized due to the adoption of remote work. Declining office use is a significant risk to office ... Read More ›