Mission Success: Multifamily Is Still at the Top of the Food Chain

The investment market has been going through a reset, but the industry remains on solid footing, Canyon's Robin Potts says in this podcast.

With economic data continuing to surprise and inflation stabilizing to more manageable levels, multifamily fundamentals remain strong. But one area that the industry continues to see reduced activity in is transactions. The high interest rates and overall lack of stability are generating “a very significant reset” in the multifamily investment market, according to Robin Potts, partner & CIO in Canyon Partners Real Estate’s Los Angeles office.

However, Potts expects sales to pick up later this year, when rates will likely come down. Another trend that she believes we’ll be seeing more of is the allocation of more capital as a proportion of portfolios toward multifamily, as investors try to reduce their exposure to office, which has been under immense stress in recent years.

READ ALSO: Fed Holds Steady, But Lower Interest Rates Seem Certain

In terms of capital sources, Potts sees prolonged opportunities for alternative lenders who have now established a more permanent role in the multifamily investment market. In this Mission Success: Women in Multifamily podcast episode, Potts and Multi-Housing News Senior Editor Laura Calugar discuss all facets of the investment market today and how things might evolve.

Here’s what you’ll hear about once you hit the Play button:

  • Where is the American economy headed? (1:19)
  • The multifamily investment market today (4:34)
  • Will 2024 be any different? (5:57)
  • What even a small interest rate reduction means for multifamily (9:57)
  • The multifamily industry’s exposure to loan maturities (11:01)
  • How the challenges the office sector is facing are impacting multifamily (13:50)
  • Non-bank lending activity (15:31)
  • What multifamily investors should pay attention to going forward (18:02)
  • Potts’ involvement in educational programs for women in investment management (19:27)
  • How women’s role in multifamily has changed (20:43)

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