With Prices Having Come Down 25%, Now May Be An Opportune Time To Buy

Despite the negative press, there have been fewer than 1% of multifamily properties taken back by banks. Even with the tailwinds of late, including declining rents, higher interest rates and higher expenses, most borrowers are servicing their debt. In general, multifamily has proven to be a resilient asset class. With prices having come down 25%, now may be an opportune time to buy. The cost of single-family homeownership has gotten out of reach for most first-time homebuyers, and more millennials and Gen Zers prefer to rent. As a result, the rental pool is actually expanding. Oversupply is making occupancy numbers challenging, but new supply will be absorbed over the next few years. Neal Bawa, Founder of GroCapitus, is searching for multifamily projects to Invest in at the right price, and is also investing in Build-to-Rent communities.