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Analysis

Multifamily’s Tough Times Will Be a Boon for Bargain Buyers

The problems right now are cyclical, not a foundational change like that of office.

The multifamily fall from grace over the last couple of years was unexpected by most at the market’s pandemic highs. The increase in interest rates have hit hard, as have some other factors.

But according to Ralph Rosenberg, partner and global head of real estate at global investment firm KKR, problematic conditions should start tapering off after 2025, leaving strong possibilities for rent growth and opportunities to “buy high-quality properties below replacement cost while achieving attractive long-term yields.”

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Erik Sherman

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