𝐌𝐮𝐥𝐭𝐢𝐟𝐚𝐦𝐢𝐥𝐲 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐀𝐫𝐞 𝐁𝐚𝐜𝐤 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐚𝐦𝐞—𝐁𝐮𝐭 𝐨𝐧 𝐓𝐡𝐞𝐢𝐫 𝐓𝐞𝐫𝐦𝐬 After two years of stalled transactions, multifamily investors are back on the hunt for deals in 2025. A new Berkadia survey shows 83% of investors plan to buy, while only 2% expect to sell. But it’s not smooth sailing—93% of investors say underwriting deals is still difficult due to high debt costs. With $600B in multifamily debt maturing this year, some owners will have no choice but to sell. Meanwhile, the bid-ask gap is finally shrinking, making transactions more viable. 🔹 Core-plus assets are the top choice, followed by value-add plays. 🔹 The Southeast leads for investment, but the Midwest is gaining traction. 🔹 The 10-year Treasury yield is the key to market momentum—if it stays below 4.25%, deals will flow. With rate cuts expected to be minimal and economic uncertainty looming, 2025 will be a test of patience and timing. As one expert put it: "The light switch is on—but will it stay steady or keep flickering?" https://lnkd.in/e-B2vn5e