CP Capital says it's best to focus on the future for multifamily investors, where fundamentals depict a bright outlook, coming off the past two volatile years that saw 2021 break records and 2022 pull back some.
The firm says the abundance of "dry powder" waiting on the sidelines to invest and a development pipeline it thinks will slow beyond 2024 due to current delays will work in investors' favor.
Meanwhile, many current properties are exceeding rents and net operating income based on what was anticipated when the investment was initially made, and a "return to seasonality" should create a more predictable market.
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