A fantastic treatise on the status of the multifamily sales market in 2Q2024. The article puts today’s market in perspective relative to how divergent the sale of multifamily properties has been over the past three or four years, all stemming from the ramifications of the pandemic and its impact on interest rates. The article speaks to all of the equity that’s been dormant (“dry powder”) and the need for it to be  invested. The article briefly addresses the change in cap rates from early 2023 (4.50%)  to late 2023 (5.20%) to the present where investors are seeking 5.0% – 6.0% cap rate opportunities. Issue relative to debt and equity lending, pending distress opportunities and geographic distinctions (the move from and changes within the Sun Belt by many multifamily investors).

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.