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For Real Estate investors who are capitalized enough to acquire properties over the next couple years, a lot of money will be made. Many current operators are over-leveraged and using floating rate debt and are now suffering the consequences. Many of them are losing money and will have to sell at a steep loss. Others are still making money, but not enough to qualify for refinances upon loan maturity, so they will also have to capitulate at a loss. Dan French, Managing Director of ATX, sold most of a 15,000-unit multifamily portfolio in 2019 when prices were starting to skyrocket. Now he’s back in the market in search of distressed assets.
