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CoreVest's Top 5 Takeaways from the MBA CREF Multifamily Housing Conference

This year's MBA CREF Multifamily Housing Conference in San Diego, CA offered a plethora of insights and trends that are shaping the commercial multifamily housing landscape. Over the course of the conference, the team had insightful conversations with key industry players, reinforcing existing relationships and uncovering new opportunities and insights.

Here are the team’s top five conference takeaways:

1. Multifamily Investment Sentiment Is MixedEquity is returning to the multifamily space, and some build-for-rent (BFR) construction deals are coming back to life. However, transaction volume remains low, leaving some market participants frustrated. While some lenders see this as an opportune time to invest, others remain hesitant—resulting in a roughly 50/50 market sentiment split.
2. Higher Rates for Longer and Tight Credit Spreads: A key theme that emerged is the expectation that interest rates will remain elevated for an extended period. Despite this, credit spreads are historically tight, presenting unique challenges and opportunities for investors. The landscape requires a strategic approach to navigate the higher cost of borrowing while leveraging the relatively narrow credit spreads to optimize returns.
3. Capital Deployment and Construction Activity Are Increasing: Investor money is starting to move again, with capital being deployed at higher levels than in recent years, breathing new life into stalled construction projects. This renewed investment activity is a testament to the confidence investors have in the long-term fundamentals of multifamily housing, driving growth and development across the board.
4. Aggregation Lines and Bridge Facilities Gaining InterestThere was an increased interest in aggregation lines and bridge facilities. Many investors are looking for flexible financing solutions as they navigate today’s challenging market conditions. With Freddie SBL pricing widening, many industry players are considering alternative lending solutions, presenting new opportunities for CoreVest to support small multifamily portfolios.
5. Shifts in Conference Dynamics and Investor Behavior: This year's conference saw a noticeable shift in dynamics. Investors are becoming more selective and strategic, deploying capital at higher levels than in previous years. New construction volume is on the rise, and there's a growing acceptance of sustained higher rates, indicating a mature and adaptive market approach.

As we move forward, CoreVest remains committed to staying ahead of market trends and delivering tailored financing solutions for our clients. Whether it’s navigating higher interest rates, exploring new capital deployment opportunities, or understanding the evolving multifamily landscape, we’re here to help investors make the most informed decisions. Call us today at 844.223.7496 or email [email protected] to discuss how CoreVest can help you grow your business.

Disclaimer:The views expressed herein are the opinions of CoreVest personnel. CoreVest makes no representation or warranty, express or implied, as to the accuracy or completeness of any of the information in this presentation. The views expressed may be based on market data or research provided by third-parties. CoreVest has not independently verified any of the information set forth in this presentation.

Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. CoreVest assumes no obligation to update or otherwise revise any of the information herein (even if such information is no longer accurate or complete or if experience or future changes make it clear that any projected results expressed or implied will not be realized).

Nothing contained in this presentation is, or should be relied upon as, a promise or representation as to the future performance of the real estate markets referred to herein. In all cases, readers should conduct their own independent investigation and analysis of the information contained in this presentation.

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