Safest MultiFamily Investment so far, is located in South/N Dakota,MN and... CA

[Carlos Ptriawan]

It's very interesting that TreppWire releases several information that the lowest number of distress MF loan is located in south/north dakota, minneapolis and California !

So this result is oxymoron where investor we being told we should invest at pop. growth city, most troubled investment is located in sunbelt where there's pop growth ; Indeed safest investment is located where not too many investors are investing in the area (SD/ND/MN and CA) and flat/reduced pop growth LOL

[Justin Elliott]

I think what's happening is lots of floating rate debt and bridge loans were taken out on deals in TX and the Southeast.  Operators underwrote big rent growth to make deals pencil. As debt is coming due rates have skyrocketed and rents are headed in the wrong direction causing distress. In other markets operators didn't need to underwrite big rent growth to make deals pencil, thus less distress.