Multifamily buyers look for more product to come to market over the next year as struggling property owners unload assets.
Apartment deals aren’t for the fainthearted these days. Escalating costs amplified by unrealistic rent expectations are dragging some buyer’s bottom line down like anvils. So they sell, or foreclose.
Coming down the pike, expect more distressed sellers, some with the willingness, or need, to be creative in their financing. This coupled with low interest rates, gives anyone with money sitting on the sideline a great opportunity to buy.