LOS ANGELES—The State of the Industry panel at the GlobeSt. Multifamily Fall Conference on Monday brought together the most influential dealmakers in the U.S. multifamily real estate market to cover key trends, major market shifts, the impacts of inflation on the multifamily sector and more.
Moderator John Sebree, Senior Vice President and National Director of Multifamily at Marcus & Millichap, took center stage with a question that had been on everyone's mind. "Velocity has dropped off substantially, and there seems to be a lot of liquidity on the sidelines. What do we think it will take for some of this money to start getting back into the marketplace?"
Jerome Fink, Managing Partner of The Bascom Group LLC, was quick to share his perspective. "The past year has been pretty devastating for our business," he began. "There has been a huge increase in borrowing costs combined with flat or negative rent growth. Not only high interest rates, but the leverage is low. That is why prices are down across the market."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
