A Fast Growing Real Estate Podcast!
June 30, 2023

330: In The Current Market, Skill Of The Operator Is More Mandatory Than Ever

330: In The Current Market, Skill Of The Operator Is More Mandatory Than Ever

The market for multifamily right now is seeing severe headwinds. Escalating insurance costs, rising property taxes, and rising interest rates are just a few. As such, sponsors need to deploy special deftness and adaptability to survive over the next couple years. On the transaction side, sales volume has fallen 70% from last year as the buyer-seller bid/ask delta still remains high. Even though there are danger signs, distress has not yet been ubiquitous and sellers and buyers still have a wide gap in their pricing expectations. Cody Laughlin, co-founder of Blue Oak Investments, has partnered on several multifamily deals with other General Partners and also runs his own deals in Central Texas.