MULTI-FAMILY

Multi-family sales performed strong in 2023. (By the way, any property with more than 4 units is classified as Commercial.)

Historically, Multi-family has proved to be economically resilient during inflationary periods.

We’re seeing some distress selling, particularly owners who are at the end of their financing term and need to refi are in a bind. Typically, Commercial property owners (read: 4-plus units) don’t have long-term fixed rate loans. As interest rates have risen it’s harder to make deals positively cash flow. As owners become increasingly pinched, there are some great buying opportunities.

And there are owners who still think their property is worth more than current capital access enables.

Savvy Multi-family managers continue to thrive in, well, any market. They recognize that renters seek technology: smart locks, digital controls, apps used to pay rent and request maintenance.