"Assessing Risk in Multifamily Investments in 2026" - Access the Document

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How We Read the Market

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Macro Trends and Data

From industry insights to government statistics.

Cushman & Wakefield Forecasts U.S. CRE Market Shift "From Resilience to Opt

Cushman & Wakefield highlights the improving visibility in CRE capital markets in 2026, which may facilitate refinancing and initial pricing. However, this does not negate the insights gained from the tight credit environment. 

Link to Article

Fed's Miran says he's looking for rate cut of 150 basis points this year

Federal Reserve officials continue to see room for rate cuts this year as inflation cools and growth shows signs of slowing. At the same time, market expectations for the timing and size of cuts continue to move, which adds to the uncertainty of the rate path. For multifamily, interest rates still influence borrowing costs, asset pricing, and renter affordability, but in today’s environment, discipline at the individual asset level matters more than forecasts.

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Urban Land Institute and PwC, Emerging Trends in Real Estate 2026 - Link to

A widely referenced annual outlook, shows real estate conditions diverging by region. The outlook reinforces that investment performance increasingly depends on local fundamentals, policy, and affordability rather than national trends. 

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GlobeSt.com - Cap Rates Fall as Multifamily Returns Stay Ahead of CRE Peers

A leading online source for commercial real estate news and analysis. The piece highlights how multifamily investments continue to outperform other commercial property types, with West Coast markets leading. Despite this outperformance, some multifamily investments have struggled in recent years. In many cases, those challenges were tied to a lack of discipline around fixed rate debt, realistic underwriting, and a focus on markets with constrained new supply. 

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