The Future of Multifamily

The Future of Multifamily

  • BTR exit vs refi panel?
  • LP wants to be in BFR/BTR. If you don’t have to sell right now, expected better market in 2025 and 2026 when less deliveries and hopefully improved Capital markets?
  • Scale is your friend
  • Lease up velocities have slowed down significantly?
  • Rents are flat at best?
  • Fight to achieve occupancy?
  • Operationally softer than expected?
  • Above $2750 rent interest drops off significantly in Georgia or Carolinas?
  • BFR: Asset class very resilient?
  • Multifamily much more binary
  • Retail sales exit is a slog and painful but can be lucrative
  • Flexibility very important positive attribute of BFR
  • Multifamily property managers struggling to manage BFR correctly?
  • Capital Square one of the largest DST allocators?
  • Any deals we can get in ground now, we are excited to work through problems to deliver products with less competition 2 years from now
  • You get the big guys off the sideline with scale?
  • Institutional players in BFR 2-4% vs. 50-70% in office vs multifamily?
  • Buyer of a BFR deal in Atlanta said we want data so bad we are willing to pay 2-3 million dollars extra for 600 home deal
  • Premium of BFRs being eroded by multifamily concessions?
  • Deficit of 3-4 million homes in country believed to be largely single family homes

Brett Kersh

Operations Conductor | Strategic Investment Advisor | Management |

2 个月

When SFR took off in 2009-2010 Multi PMs tried to come in and failed tremendously. Multi PMs do not understand the logistics of SFR/B2R as they are two different models needing two different mindsets .

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