by MFE Staff
2023 has been a different kind of year for multifamily. After several years of historic rent growth and a white-hot investment sales market, things have cooled considerably. A CoStar report noted that investment sales in the sector dropped 74% in the first quarter from one year earlier.
MFE recently got a chance to discuss the pace of investment sales with Frank Roessler, founder and CEO of Ashcroft Capital. In recent years, Ashcroft has been an active player in the transaction market, building a portfolio of 13,000 units in Florida, Georgia, North Carolina, and Texas. Roessler offers a prediction for when investment sales will pick back up, outlines why investors will remain interested in the sector over the long term, and shares Ashcroft’s current acquisition strategy.
Read Frank Roessler’s Q & A in the Multifamily Executive.