The long-time, high-flying multifamily housing sector appears on the brink of hitting a down cycle that's "overdue" – if it's not already here – according to Phyllis Klein, senior vice president, head of agency production at Capital One.
Klein was part of a panel hosted by Investors Management Group, (IMG), which included three of the nation's leading experts in real estate investment and lending for a private event in Portland, Ore.
Joining her was Josh Bodin, senior vice president, head of securities trading at Berkadia and Neil Schimmel, IMG founder & CEO. It was moderated by Karlin Conklin, IMG Principal, co-president and COO, who led the group through issues such as inflation, leverage, cap rates and returns.
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