Multifamily Has Hit Bottom. Growth Is Here.

Apartment prices increased a full 4.9% last month, according to recent data from Green Street's Property Price Index, which follows a 2% increase from the previous month and is the strongest positive trend since late 2021. Apartment demand remains strong amid a generational peak in new apartment supply. Weakening (however gradually) inflation, alongside indications from the Federal Reserve that interest rate cuts are a growing possibility, could finally lead to a more active multifamily investment market, but currently, sales activity is relatively low.

Sources cited in this episode:

Green Street: “Commercial Property Prices Trending Upward” - https://insights.greenstreet.com/hubfs/GSCPPI-20240705.pdf

RealPage: “U.S. Apartment Demand Surges in Second Quarter” - https://www.realpage.com/analytics/2nd-quarter-2024-data-update/

Yardi Matrix: “National Multifamily Report, June 2024” - https://www.yardimatrix.com/publications/download/file/5800-MatrixMultifamilyNationalReport-June2024

GlobeSt: “Rent Control’s Impact on Multifamily” - https://www.globest.com/2024/07/08/rent-controls-impact-on-multifamily/

Harvard Joint Center for Housing Studies: “Middle-Income Housing Programs Emerge as Affordability Challenges Climb the Income Ladder” - https://www.jchs.harvard.edu/blog/middle-income-housing-programs-emerge-affordability-challenges-climb-income-ladder

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DISCLAIMERS: This video does not constitute professional financial advice and is for educational/entertainment purposes only. This video is not an offer to invest. Any offering would be made through a private placement memorandum and would be limited to accredited investors.