Origin Investments predicts emerging opportunities in multifamily in 2024
Origin Investments, a multifamily real estate fund manager, has released its top 10 predictions for 2024.
Although a long-anticipated recession and other downward pressures on property valuations are expected to affect the 2024 market, Origin believes investors will have once-in-a-generation opportunities to grow their portfolios. Top opportunities will come from senior debt and preferred equity investments, as well as distressed value-add property acquisitions. Strong long-term fundamentals and the likelihood of class A multifamily rent growth returning to normal levels will counter factors including economic and geopolitical uncertainties.
“The volume of variable-rate bank loans — made when SOFR was 0 percent and the 10-year Treasury note yield was below 2 percent — coming due in 2024 will create a generational opportunity in senior debt and preferred equity investments,” said David Scherer, co-CEO of Origin Investments. “Despite uncertainties, it remains a