The year 2020 has been a long and hard slog for everyone, including the experts in the multifamily field. To be sure, apartments have weathered the pandemic relatively well, holding onto their private-market value and staying relatively flush with capital thanks in part to the GSEs. But as our story on page 28 shows, there are some weaknesses beginning to show. Navigating these forces, to say nothing of a nationwide eviction moratorium, takes skill and wisdom. In the following pages we have done our best to identify the people who best exemplify these traits. As always with our influencer series, we have made our picks not based on the number or size of deals completed, but rather on what these people, teams and companies have added to the multifamily community in the past twelve months. And this year, that is saying quite a lot.

INDIVIDUALS

RUSSELL APPEL THE PRAEDIUM GROUP With vast industry experience totaling more than three decades, Russell Appel has guided privately-held, multifamily investment firms, sponsored ten private equity funds and invested $12 billion in capital on behalf of clients. He established the Praedium Group in 1991 as founding principal and has led the firm through a supportive, hands-on approach and a well-defined, institutional investment process; incorporating teamwork, checks and balances, risk management, oversight and property-specific targeted business plans. Early on, Appel successfully identified job growth and affordable housing needs within suburban markets. In 2019 alone, he led the firm to purchase and sell $1.4 billion in multifamily assets.

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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.