Infinity Investment Group and A9, a family office, announced that they're forming a $250 million investment fund targeting multifamily. Called the Infinity Multifamily Real Estate Fund I, it looks to tap institutional investors and family offices to fund a multifamily portfolio consisting of "opportunistic and value-add of Class A, B, and C multifamily properties located in the top 20 metropolitan areas in the US."

Infinity CEO Ahmad Ashrafi said in prepared remarks that he expects "a once-in-a-generation opportunity to invest in multifamily housing when experts predict occupancy levels to remain above 95% for the foreseeable future and nearly 7% growth in effective net rents next year." Even with inflation, people have to live somewhere.

Reading between the lines—specifically, this one and a preceding lead-in of "The recent increase in interest rates and the likelihood of additional increases in the coming months sidelined many investors worried about a US recession"—the firms are expecting some reduction in funds investing.