High Interest Rates Test Multifamily Resiliency
Episode description
Multifamily investors took a pause at the end of 2022 after a turbulent year with seven staggering consecutive interest rate increases. Although demand dynamics remain positive, multifamily investors have had to quickly adjust to the higher cost of capital, which has driven a wide buyer-seller gap.
Arthur Milston, senior managing director at NAI Global Capital Markets, and John Rutherford, SVP of investment sales at NAI Hallmark, join this episode in the Thought Leadership podcast series to discuss what impact to discuss:
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The state of multifamily investment appetite and underwriting in 2023;
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How the higher cost of capital is impacting regions nationwide, including the Southeast and Midwestern regions; and
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Where sellers are amenable to price adjustments.