Ernie KataiNEW YORK CITY–Mortgage banking and investment sales experts at Berkadia remain bullish on the multifamily sector — despite the impact rising rates have had on deals so far this year. Indeed, the survey respondents say, they are even more enthusiastic about the asset class than they were at the beginning of the year.
The reason, simply put, are the robust economic fundamentals, which — as of right now — outweigh any erosion in returns that rising rates are causing, Ernie Katai, executive vice president and head of Production at Berkadia, tells GlobeSt.com. “There is a willingness on the part of the investor to accept less returns because fundamentals are so good.”
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
