A January without NMHC: Lower Deal Volume?

[Spencer Gray]

The largest gathering of the top multifamily owners, developers, lenders, service provides, etc typically takes place every year at the National Multifamily Housing Council's Annual Meeting in January. However, this year the event has been postponed until June.

Usually brokers use NMHC as an opportunity to roll out their deals for Q1 to get in front of as many buyers as possible. It's also used as an incentive for brokers to get sellers to list earlier in the year so they can feature their deals at the meeting.

But with the meeting being postponed there will be no roll out of deals and no sense of urgency for seller to bring to market in Q1, other than a need to sell.

After talking with our brokers, it seems like deal volume is going to be down in Q1 as anyone who needed to sell did so in 2020 with many more owners opted to refinance with record low rates. 

What kind of deal volume is everyone seeing? There are some "deals" out there, but it doesn't seem like there will be a big roll out without the annual meeting.

Who is planning on going to the annual meeting in June?