Many multifamily syndicators are facing major headwinds including interest rate increases, record new supply, escalating expenses, and vacancies. In order to thrive in this environment, you have to have an excellent organization that executes meticulously on business plans and maintains healthy working relationships with their lenders. Bikran Sandhu, Co-Founder of Rise 48, has never made a capital call or missed a debt payment. In the face of unprecedented rate increases starting in 2022, Bikran accelerated the pace of renovations and completed almost 2000 units in 2023. This enabled him to increase net operating income enough to continue making debt payments and distribute cash to investors on most of their properties.