Darcorp Management的动态

My sentiments from day 1 at NMHC: The multifamily investment sales market feels like a stagnant pond right now. It is sluggish, murky and lacking the vibrant flow of activity we have seen in the past. There is another word for a prolonged reduction of illiquidity, it is called stagnation. Stagnant water does indeed grow things, just not what the environment looks favorably upon, good growth is stifled right now by a few things we are experiencing: 1. Reduced liquidity- deals are taking longer to close, harder to raise equity on, and many are simply not happening. Sellers are struggling to find common ground on pricing and terms with the market, namely because they don't want to write a check to close when they can hold and be stagnant. 2. Increased uncertainty- rising interest rates, economic headwinds, difficulties in rising bad debt, economic vacancy and rising expenses are creating a climate of fear and indecision. 3. Diminished returns- investors are facing lower returns with higher borrowing costs, and lower NOIs 4. Risk of stagnation- without a flow of capital to deals and activity in the marketplace, there is a risk of becoming stale. Stale deals, stale capital, stale decisions. Stale crackers are the hardest. We need to break the stagnation: a flowing River brings life and renewal to the surrounding environment, so goes Multifamily if we can get a few things: 1. Clearer market signals: we need more consistent economic data and improved transparency around interest rates to help investors make decisions and see a flow of liquidity 2. Focus on long term over the short term: the market must shift focus from the pain of today, and the short term gains that may be available to a focus on long term gains with sustainable growth to attract patient capital and responsible investment. Survive to 25 is now are you alive in 25? Or has stagnation taken over.

Multifamily Myth Monday: Part 2 (almost nobody talks about this one) -- Myth: One investing strategy is all you need. Markets change. Shouldn't strategies change too? For example, buying C-Class 70's assets in 2024 is very difficult. Why? Because most net-seller, non-distressed 70s deals sold from 2020-2022 at peak pricing. Many of these assets were acquired with max leverage floating bridge debt, and at today's 6%+ cap rates, they're not worth their loan amounts. Meaning, 100% of the investor equity is gone. Even so, it's surprising how many GPs and investment firms continue to deploy a single investment strategy despite a dramatic shift in the Capital Markets and broader economy over the past ~24 months. John Drachman has spoken openly about Waterford's pivot into value-add multifamily investing in 2015, and then away from it in 2018. He writes: "You want to think about a business you can build moats around...where your relationships, experience and specific knowledge can allow you to create sustainable value over time that is not easily replicated." Yet, I've seen GPs tout an "assembly line approach", which reinforces doing more of what they've always done. Here's how I think about it: Rather than developing a specific strategy for investing, build a framework for evaluating markets and cycles. Then, once a market shifts, you can take note and respond accordingly. Sometimes the hole is square, and the square peg fits perfectly (2019-2022), but sometimes the hole is round, and you need a new peg (2023-2024). The most valuable Real Estate companies in the world know how to earn risk-adjusted returns for their investors across various market cycles, Capital Markets environments, geo-political landscapes, and the like. TL;DR -- Become a student of the entire Real Estate game, not just one singular strategy. Agree? Disagree? Curious to hear what you think?? --- Enjoy this? Follow me Trey Wheeler for more Real Estate content, and join my free weekly newsletter to Crush Your Real Estate Career (link in bio)

The multifamily investment landscape is shifting, and one of the biggest factors in 2024 is this simple but major thing- Rising interest rates. These changes are reshaping how deals are underwritten, financed, and executed. Here’s what investors need to know: 1. Higher Financing Costs: Increased rates mean higher debt service payments, making cash flow tighter and impacting returns. 2. Shifts in Valuations: Buyers are adjusting their expectations, and sellers are recalibrating prices, creating new dynamics in deal-making. 3. Creative Financing Solutions: Investors are turning to tools like loan assumptions, seller financing, and creative structures to make deals pencil out. 4. Focus on Fundamentals: In a high-rate environment, markets with strong rental demand and growth become even more critical for success. At Gold Multifamily, we navigate these challenges with innovative strategies, thorough due diligence, and a deep understanding of the multifamily market. Despite rising rates, opportunities still exist for investors willing to adapt. Want to stay ahead of the curve in multifamily investing? Subscribe to our email list and visit gold-mf.com for exclusive insights and investment opportunities. How have rising interest rates changed your investment strategy? Share your thoughts in the comments!

Securing Your Future with Multifamily Investments Have you ever thought about what it would be like to have a steady income stream without the daily grind?? Multifamily investments might be your ticket to that dream. Picture this: waking up every day knowing that your investments are working hard for you, paying you consistently, and freeing you from financial worries.? I've seen firsthand how stable income from multifamily properties can transform lives. At Clearview Eastern Fund, we focus on properties that start generating income from day one.? Through targeting landlord-friendly states and acquiring stabilized properties from distressed owners, not distressed assets, we ensure a steady stream of income for our investors. The truth is, real estate has always been a cornerstone of wealth-building.? Unlike the stock market, multifamily investments provide reliable, tangible returns. You’re not just investing in properties; you’re investing in a more secure financial future. Why multifamily?? Simple.? People always need a place to live. This demand doesn’t disappear, even in tough economic times.? Multifamily properties offer a buffer against economic downturns, providing a stable income when other investments falter. At Clearview Eastern our strategy isn’t just about buying properties; it’s about creating lasting value.? We purchase in markets with strong rent growth and favorable tax laws, ensuring that your investment not only pays off now but continues to grow over time. Let’s chat.

“Jonathan, I love that you’re brutally honest about multifamily investment”. That’s what one of my mentees said to me last week. And not just because I'm honest with them about deals they show me. It’s because I don’t sugarcoat the industry like too many mentors do. I don’t tell them it’s easy or that real estate values always go up. Because to me, if you’re seriously considering becoming a full-time multifamily investor: You need to know more than just the upside. You also need to understand the struggles that you will inevitably face. As with any industry, working for yourself as a multifamily investor comes with challenges. What are some of the biggest? ?? 1/ Loneliness You’re doing this on your own. And no “normies” really want to hear you talk about real estate. That includes your spouse, your kids, your best friend, and your dog. You must find people to support you or the loneliness will eventually get you. 2/ Lack of accountability When you're your own boss, no one tells you what to do. There’s great freedom in that. But it also makes it tough to stay focused. Procrastination creeps in when there’s no one else holding you accountable. Delaying or destroying your business. So, you must find ways to hold yourself accountable. 3/ No guarantee you’ll ever get paid Unlike working for someone else, being an investor means you eat what you kill. There’s no guaranteed salary. So that pressure of constantly needing to secure the next deal is real. And if deals are not coming through, how do you know you’re on the right track? Or that you’re doing it all wrong and you’ll never get deals this way? Without some guidance, you’ll never know. The way you address these issues? - People to talk to. - People to bounce ideas off. - People to hold you accountable. Led by someone who’s been doing it full time for years. The Apartment Investors Club community provides all these things. And, for the next 9 days, you can join for just $97/month and lock that price in for good. After that the price jumps to $250/month. To get started and lock in the current price, DM me the word MULTIFAMILY.

Multifamily Investing: Where Chaos Meets Cash Flow Multifamily real estate is the only investment where you can create wealth and get a crash course in psychology, plumbing, and crisis management—all in the same day. One minute, you’re analyzing cap rates and market trends. The next, you’re explaining to a tenant why flushing an entire rotisserie chicken down the toilet wasn’t a great idea. But that’s the beauty of multifamily investing. It’s not just about bricks and rent rolls; it’s about solving problems, creating communities, and building long-term wealth while embracing the unexpected. Sure, stocks don’t call you at 2 AM about a leaking water heater, but they also don’t appreciate in value and pay you monthly. Multifamily does. The key ?? ?? Right market, right deal. Numbers don’t lie, even if some sellers try. ?? Proactive management. Small issues become big ones—fast. ?? Treat tenants like customers. Happy residents = lower turnover = better returns. ?? Have a sense of humor. Because at some point, you will deal with an emotional support ferret. Multifamily is a long game, but for those who stay disciplined and strategic, the rewards are worth it. Cash flow, appreciation, tax benefits, and best of all—stories you can’t make up. What’s the wildest thing you’ve seen in real estate? Let’s hear it! ??

Despite the potential distress pressuring existing #multifamily owners, the underlying macroeconomic fundamentals are strong and demand for multifamily housing is steady, driven in large part by the fact that younger generations are renting longer. We believe there is a window of opportunity over the next 12-18 months for well-capitalized investors to take advantage of select distress opportunities and to exit when capital values have recovered in three to five years, optimizing returns. Read more about the opportunities in multifamily. https://bit.ly/3VHaOqd

Despite the potential distress pressuring existing #multifamily owners, the underlying macroeconomic fundamentals are strong and demand for multifamily housing is steady, driven in large part by the fact that younger generations are renting longer. We believe there is a window of opportunity over the next 12-18 months for well-capitalized investors to take advantage of select distress opportunities and to exit when capital values have recovered in three to five years, optimizing returns. Read more about the opportunities in multifamily. https://bit.ly/3VHaOqd

Despite the potential distress pressuring existing #multifamily owners, the underlying macroeconomic fundamentals are strong and demand for multifamily housing is steady, driven in large part by the fact that younger generations are renting longer. We believe there is a window of opportunity over the next 12-18 months for well-capitalized investors to take advantage of select distress opportunities and to exit when capital values have recovered in three to five years, optimizing returns. Read more about the opportunities in multifamily. https://bit.ly/3VHaOqd

The Multifamily Market Is Thawing – What Does This Mean for You? Once upon a time in the multifamily market... The multifamily investment world was in a deep freeze. High interest rates and reduced rent growth had left the market stymied. But like the first signs of spring, change is in the air. Market Awakening ?? Picture this: Institutional investors and lenders, after a long wait, are eager to deploy capital. In the first quarter of this year, transaction activity increased by 20%. Though we’re not fully recovered, this is a promising start. Why This Matters ?? ? Opportunities Are Blooming: Institutional investors and private funds are actively seeking new deals, opening doors for strategic partnerships and fresh investments. ?Cap Rates Stabilizing: Cap rates have stabilized around 5.2%, providing a clearer picture for potential returns on investments. ?Debt and Equity Dynamics: Despite expensive debt, there’s an eagerness among lenders to fund strong multifamily projects. This dynamic creates unique opportunities for savvy investors. A Closer Look ?? Remember the challenges from high interest rates and a sluggish market? Those who waited are now seeing opportunities blossom. Equity providers, especially those with closed-end funds, are feeling the pressure to invest. This is leading to more joint ventures and new partnerships. The Role of Distressed Assets Distressed assets are emerging as a significant opportunity. With many multifamily loans maturing soon, the need for rescue capital and recapitalization is growing. This situation presents a chance for investors to step in and turn challenges into profits. Sun Belt Focus The Sun Belt is shining brightly. States like California, Arizona, and Texas are hotspots for multifamily transactions, driven by ongoing migration and growth. Your Next Move For new multifamily investors, understanding these trends is crucial. The thawing market offers a unique chance to dive in, whether through direct investments, joint ventures, or strategic partnerships. Ready to Learn More? Dive deeper into the world of multifamily investing with 7fold Realty Advisors. #RealEstateInvesting #Multifamily #InvestmentStrategy #7foldRealty #MarketTrends #PassiveIncome