Structural undersupply of housing and high interest rates could make 2026 and 2027 strong vintage investment years for acquiring and developing multifamily assets. “Current Federal Reserve policy and increased interest rates have created higher initial yields for multifamily through both acquisitions and new construction. Additionally, we’re entering a phase where new supply is moderating significantly, which should further support NOI growth and reduce competition,” says Kevin Kaberna, executive director and co-head of Americas principal business at Greystar.
In an interview published in the June issue of Institutional Real Estate Americas, “Navigating a new cycle: How Greystar is unlocking value in residential credit and beyond,” Kaberna discusses Greystar’s approach in this part of the cycle. “Reduced supply from current development slowdowns, coupled with demographic shifts and delayed homeownership, are expected to intensify rental demand. We view our plat
