Many analysts plot us near the trough of the real estate cycle with new deliveries expected to peak in the near term and occupancy accelerating by end of year, hence the popular industry trope, “survive ‘til 25!” Although the difficulties of this phase of the cycle shouldn’t be understated, our perspective is that multifamily continues to be a beacon of stability in the current landscape, attracting investor interest regardless of the wider market uncertainties. When taken into context of incoming supply at a 40-year high, mild vacancy numbers and flat rent growth instills confidence that there are still opportunities on the horizon for strategic real estate investors.

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