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After many years of a massive upward trajectory, multifamily real estate is facing headwinds, especially for older C and B class properties. In many markets, occupancy is starting to fall and rents along with it. In addition, many operators have taken on risky debt that they may not be able to service. As such, these operators may get into hot water in the upcoming months and be at jeopardy of having to sell their properties at a loss and lose their investor’s money. Jimmy Edwards, Owner and Director of acquisitions at High Five Group, has done heavier value-add projects in Dallas with conservative underwriting and debt over the past five years and done extremely well. He sold a number of properties this past year and is poised to make great acquisitions in 2023.
