Marcus & Millichap released its 2022 multifamily investment forecast and in a video, John Chang, senior vice president and director of research services, explained that he had just spoken to many investors at the National Multifamily Housing Council's Strategies Conference.

"I met with numerous apartment investors. The most important feedback from the numerous active investors at the conference was that 2022 will be an exceptionally active investment year, especially for the large apartment market," Chang said. "I can't tell you how many times investors told me they had hundreds of millions of dollars ready to deploy."

Just one problem: a tough time finding where to place the capital. "There's a shortage of properties for sale and as a result, large multifamily property prices are being bid up, especially in growth markets in the southern half of the US," Chang said.