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40% of floating rate Multifamily projects acquired over the past few years will not be able to get refinanced. This will cause distress for operators and opportunities for acquirers. Additionally, increased insurance costs, especially for older properties, and increased property taxes are further burdening properties’ net operating incomes. As a result of these challenges, experience and the ability to flawlessly execute on business plans has become of paramount importance over the last year as the market has changed. Brennen Degner, Managing Partner of DB Capital management, specializes in Multifamily in suburban submarkets of major metros with high paying technology jobs. DB Capital owns 3000 apartments in the Mountain West and Texas.
