The multifamily sector appears to be charging (nearly) full speed ahead into the end of 2022, despite volatility in the capital markets. But will that momentum slow as the cost of capital continues to rise?
In conversation with Scott Thompson, VP and Global Events director at GlobeSt at this month's GlobeSt Multifamily conference, Cameron Jones, managing director, US Housing Strategic Transactions at Nuveen Real Estate, said any talk of a recession "is definitely capital markets driven," adding that fundamentals remain strong.
"I'm optimistic," Jones said. "We make prudent investments, and there are great opportunities out there to have a lot of conviction and be focused. It's somewhat nice to not feel the absolute frenzy I think a lot of us felt over the last two years, and to take a step back, recalibrate and make good decisions."
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