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In secondary and tertiary markets in the Midwest, Multifamily prices have come down 27%-35% since the March 2022 peak and have a way to go. When distressed operators are forced to sell at a loss, the low prices they sell for create new comps in the marketplace. This is why there will be great deals over the next couple years for patient Multifamily investors. Reid Bennett, National Council Chair of Multifamily Properties for SVN International, is a top .02% Multifamily broker, and is an expert in all things Multifamily. Reid believes sellers are well advised to sell now before the market further contracts.
