What GVA, Tides, and S2 Reveal About Modern Multifamily Syndication
The apartment downturn did not create weaknesses in the multifamily syndication model. It exposed them. For most of the last decade, multifamily real estate felt almost unstoppable. Population growth poured into Sunbelt markets, rent growth exceeded expectations, institutional capital flooded into apartments, and agency lenders remained highly active. Debt was abundant and inexpensive. Investors increasingly…
