Investors Suffer Loss From Aggressive Apartment Syndicator

April 27, 2023April 10, 2023 by Break of Day Capital

In our last blog, Evaluating the Sponsor, we mentioned that there will likely be syndicators who will be forced to leave the business. Unfortunately, it has started with the recent announcement of the $229MM multifamily foreclosure in Houston, TX, and there will likely be more to come. While details are still coming out, we believe … Read more

Back to Reality -The New Normal for Investing

October 20, 2025March 7, 2023 by Break of Day Capital

New normal for investing, Investor attitude

💡 Summary: Rising rates and recession risk mean investors should expect lower projected returns and longer holds in multifamily investing—think low-to-mid-teens IRR for Class B & C value-add deals. Prudent operators are de-risking with higher exit cap rates, modest rent growth, lower leverage, fixed agency debt, and larger reserves. Be wary of sponsors touting outsized … Read more

Investors Suffer Loss From Aggressive Apartment Syndicator

Back to Reality -The New Normal for Investing

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