The lack of affordable insurance options for property owners of all types increasingly puts needed insurance coverage out of reach and limits the ability of property owners to make needed investments in their properties.
As a result, this stressed insurance market, stubborn inflationary pressures, and rising interest rates have disrupted transactions and negatively impacted valuations.
In turn, "this harms the industry's ability to attract the investments required to meet the nation's housing needs and help address its housing affordability crisis," according to the 2023 State of Multifamily Risk Survey and Report, issued this week based on a survey of National Multifamily Housing Council members.
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