Multifamily investors are navigating a market defined by ongoing price discovery, refinancing pressures and shifting capital flows. In an IREI interview, Bret Hewett, head of acquisitions for ACRE's equity platform, outlines how narrowing bid-ask spreads and loan maturities are influencing deal activity, why many of ACRE’s opportunities today are driven by capital structure stress rather than weak fundamentals, and how investors are approaching underwriting in markets facing different supply dynamics. He also discusses where recapitalizations, joint ventures and structured equity are emerging as key entry points in the current cycle.
How are you assessing the multifamily market today from an acquisitions perspective, particularly as price discovery continues to evolve? How are transaction activity, bid-ask spreads and the refinancing environment influencing your ability to source and execute on new investments?
Price discovery is still ongoing, but m
