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As interest rates have climbed, the multifamily market has started to slow down for the first time in years. Cap rates for C class multifamily properties are on the rise so there may be buying opportunities ahead. Institutional buyers are sticking to Class A properties in high growth markets.
Ben Leybovich, Principal of White Haven Capital in Phoenix, started with 80’s vintage properties but has transitioned to 2000’s properties over the last year.
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