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Real Estate - JANUARY 23, 2023

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Multifamily values will recover by year’s end

by Released

U.S. multifamily investments will remain strong in 2023, according to CP Capital US, a multifamily investment manager focused on the multifamily sector.

Highlights include:

Sale pricing is expected to strengthen once buyers return to the market en masse, which many industry experts predict will occur at some point during the second half of 2023, when the Fed is expected to signal that inflation is under control and rate increases have ceased or even head in the opposite direction. What the market is experiencing now is not a grounding of the real estate rocket ship, but rather an inevitable return to normalcy.  Valuations are down and cap rates have crept up by 50 basis points in some markets on the small number of transactions that are still moving forward, but rents and net operating incomes remain well above where they were anticipated to be when most owners initially underw
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