2022 Multi-Family Mid-Year Market Update
2022 marks another year with a hardened market. The soft market ended in late 2018 and is not expected to return anytime soon. Because of macroeconomic trends, the market continues to harden. As a result of this, underwriters are expected to continue viewing the multifamily asset class with caution for the foreseeable future. We can also expect underwriting guidelines to become more fragmented based on asset characteristics and location. Real Estate owners and property managers need to differentiate their risk profiles by highlighting strong risk management protocols, operational controls, and claims management policies. It is imperative that these processes are clearly communicated with underwriters.
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This material has been prepared for informational purposes only and was generated from information provided to BKS from the client and/or third-party sources. Therefore, BKS makes no warranty or representation(s) as to the accuracy or appropriateness of the data and/or the analysis herein. This information is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your tax, legal and accounting advisors for those services.