It is hardly a secret that transactions in all CRE assets have dropped significantly due to interest rate hikes, inflation hitting a 40-year high of 9.1% in June before slowing to 6.4% this past January and the threat of a recession.
This includes multifamily, the erstwhile darling asset class within the CRE community.
But Kris Mikkelsen, EVP of Investment Sales at Walker & Dunlop, is banking on apartment transaction activity to restart and grow in the second half. "The last time the market went through a significant repricing, it took approximately six quarters for transaction activity to get back to what most market participants would consider a historical pace of deal flow," he said in the company's new report on the asset class.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
