Hello Friends and Investors,
As we step into March, the multifamily landscape continues to evolve in response to shifting economic conditions. The Federal Reserve remains cautious on rate cuts, keeping capital markets tight, while operators are doubling down on efficiency, tenant retention, and cost management. Despite challenges, opportunities are emerging, especially in well-positioned secondary markets like the Midwest.
With Q1 nearing its close, we remain focused on strategic acquisitions, operational improvements, and disciplined execution to maximize value for our investors. Let’s dive into key updates for this month.
Market Overview
Multifamily Market Update: The Road Ahead
Midwest Market Intel: Stability & Strategic Opportunities
In the News
U.S. Cap Rate Survey H2 2024
Cap rates continue to hold steady, with trends varying across sectors and strategies. Sales volume is expected to trend upward during 2025.
Apollo to Privatize Bridge Investment Group for $1.5B
Apollo Global will acquire Bridge Investment Group for $1.5B, effectively taking the massive multifamily and industrial portfolio private.
What We're Reading
The Self-made Billionaire Effect: How Extreme Producers Create Massive Value
by John Sviokla & Mitch Cohen
Scores of top-tier entrepreneurs worked for established corporations before they struck out on their own and became self-made billionaires. People like Mark Cuban, John Paul DeJoria, Sara Blakely, and T. Boone Pickens all built businesses—in some cases, multiple businesses—that are among today’s most iconic brands.
CF Capital Updates
Speaking Engagements & Growth Initiatives
Looking Ahead
With rate cuts still on the horizon (and a potential trend developing in the Treasuries), we expect capital markets to gradually unlock liquidity later this year. Until then, we remain focused on long-term fundamentals, operational efficiency, and sourcing high-quality investment opportunities.
Thank you for your continued trust and partnership—we look forward to an exciting year ahead!
In Partnership,
Tyler Chesser & Bryan Flaherty
Co-Founders & Managing Partners, CF Capital