Apartment Property Values and the Fed in 2023

Following the high profile bank crises earlier this month are worries regarding commercial real estate debt, but while multifamily investors continue to wait for distressed assets and buying opportunities that have yet to arrive in significant numbers, office properties are under greater stress, with growing concern of a crisis in the office real estate market that could contribute to a downturn in the larger economy. Sources discussed in this episode:

MSCI: “Apartments Led Steepening Drop in US Property Prices” - https://www.msci.com/www/quick-take/apartments-led-steepening-drop/03727239509 Apartment List: “March 2023 Rent Report” - https://www.apartmentlist.com/research/national-rent-data RealPage: “Which U.S. Apartment Markets are Low-Risk and Which are High-Reward?” - https://www.realpage.com/analytics/mitigating-risk-among-local-apartment-markets/ Berkadia: "Multifamily Return Volatility and Why it Matters" - https://www2.berkadia.com/betawhitepaper

Cushman & Wakefield: “Multifamily Development Risks” - https://www.cushmanwakefield.com/en/united-states/insights/us-articles/contextualizing-development-risk For the latest multifamily news from across the internet, visit the Gray Report website: https://www.grayreport.com/ Sign up for our free multifamily newsletter here: https://www.graycapitalllc.com/newsletter DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.