Is The Crash Coming?

[Justin Goodin]

I don't want to keep beating a dead horse. I know this has been a hot topic for awhile. 

With Biden taking office, COVID, and multi family investing being at a 'peak' - what are you and your team predicting the next 12 months will be like for multifamily? Are you projecting rent growth? What are doing in your underwriting to give your investors confidence? 

I think cap rates will continue to compress, I think rent growth will still happen in select markets, and the Fed will keep rates low. We are still in buy mode and looking for opportunities. We are staying away from early 70's build and going after the somewhat newer vintage since the cap rates have a pretty small delta. I do think a correction of some sort is coming though.