The multifamily investment market has undergone significant changes due to factors like the 2008 financial crisis, low interest rates, and the COVID-19 pandemic. Post-2008, multifamily assets were considered safe investments, but historically low interest rates from 2008 to 2019 made them attractive for financing. The JOBS Act expanded the investor pool, enabling crowdfunding. However, the Fed's interest rate increases in 2022 and 2023 have led to higher cap rates and decreased transaction volume, necessitating patience from buyers and pragmatism from owners.

Multifamily Investment Market Evolution