‘Starting To See The Cracks Emerge’: Why 2025 Could Be A Big Year In The Distressed Multifamily Market

Barchart · 10/18 02:50
Houston multifamily investors are ready to put “extend and pretend” behind them.  Distressed sales and foreclosures are taking far longer to play out than anyone expected, FCP Vice President of Multifamily Acquisitions Cole Kellogg said at the Houston Bisnow Multifamily Annual Conference on Wednesday.  But tons of money remains on the sidelines as interest rates fall and lenders tire of modifying loans to manage distress. So investors are preparing for action, hoping to finally capitalize on the pain and land on the winning side of the market correction, panelists said at the event at The Westin Houston Memorial City.