The Pains & Gains for Multifamily in 2024, ep. 339

Welcome to another insightful episode of REady2Scale with your co-hosts Jeanette (Robinson) Friedrich, Ellie Perlman, and Ryan Rasieleski from the Blue Lake Capital team. This episode dives deep into the multifamily investment landscape for 2024, providing listeners with a balanced view of the challenges and opportunities that lie ahead. Here's what you can gain from tuning in: 1. Key Insights from the NMHC Conference: Discover the latest trends and forecasts for multifamily investments shared at the National Multifamily Housing Council’s annual conference, including diverse perspectives on the market's direction in 2024. 2. Investor Sentiment and Market Dynamics: Learn about the renewed optimism among investors despite the mixed signals from economic indicators like the CPI report and S&P 500 performance. The episode discusses how these factors impact the multifamily market and investment strategies. 3. Distressed Deals and Market Corrections: Understand why distressed deals did not materialize as expected in 2023 and how this affects the investment outlook. The discussion also covers the anticipated bottoming of asset values and what it means for buyers and sellers. 4. Operational Insights and Rent Growth Projections: Gain insights into operational aspects of multifamily investments, including the pace of rent growth and the supply-demand dynamics shaping the market into 2025 and beyond. 5. Strategies for Navigating the Current Market: The hosts share valuable strategies for dealing with market challenges, including navigating distressed deals, understanding the implications of floating rate caps and loan maturities, and leveraging Broker's Opinion of Value (BOV) in investment decisions. 6. Investment Opportunities in 2024: Explore potential gains and opportunities for multifamily investments in 2024, including the impact of pricing corrections and how investors can position themselves in a buyer's market. 7. Practical Advice and Real-World Examples: Benefit from practical advice and real-world examples that illustrate how investors can navigate the multifamily market's complexities. The episode includes a detailed discussion on refinancing challenges and strategies for achieving positive leverage. 8. Engagement with Industry Leaders: Hear directly from experienced industry professionals as they share their perspectives on the multifamily investment landscape, offering a mix of strategic insights and operational guidance. By listening to this episode, you'll not only stay informed about the multifamily investment market in 2024 but also equip yourself with the knowledge and strategies needed to navigate its challenges and capitalize on its opportunities. Whether you're an investor, broker, or industry professional, "Ready to Scale" offers valuable insights to help you make informed decisions and achieve your investment goals. View the Slides from the Episode If you'd like to follow along with the data points shared in this week's episode, visit our Blue Lake Capital YouTube channel to watch the video. Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. To reach Ellie & her team, email them at [e-mail] or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you. Learn more about your ad choices. Visit megaphone.fm/adchoices