Multifamily Will Be a Favored Asset, Despite Rising Rates

Los Angeles

“The multifamily sector is pretty good,” said Ethan Penner at the top of his keynote speech at RealShare Apartments. Penner, managing partner at Mosaic Real Estate Investors, opened the two-day conference in Los Angeles with a speech focused on the Transformation of the Multifamily Sector. Penner is most commonly asked about rising interest rates and how they will impact multifamily investment, and to predict the end of the cycle, which he described as “an inane question.” Despite the rise in interest rates this year—and the forecast that rates will continue to rise—Penner said that multifamily will continue to be the favored asset class for real estate investment.

“Multifamily has been and will continue to be the favorite asset class for investors,” said Penner. “I think multifamily is a solid place to be. I think there is going to be a recessionary correction around the corner, but multifamily will continue to be a favored asset class for capital, and it will continue to thrive.”