The multifamily sector is thriving nationwide as demand for more apartments continues to grow. But it hasn't escaped the impact of rising interest and cap rates on lenders and investors.
Lending and capital experts at GlobeSt's Spring Multifamily Conference, shared their take on the impact of interest and cap rates, and their predictions for 2023.
"Not much is trading, and if it is, it has to," said Doug Faron, founding partner of Shoreham Capital. "More will transact before rates have the chance to come down, but we're certainly optimistic we'll see some normalizing of rates and or normalizing spreads too."
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
