Berkadia’s Latest Powerhouse Poll Predicts Multifamily Will Turn Up the Transaction Volume
Berkadia’s 2021 Mid-Year Powerhouse Poll finds that overall, the multifamily market continues its positive trajectory, especially on a year-over-year basis. Seventy-eight percent of the nearly 180 Berkadia mortgage bankers and investment sales advisors polled last month are optimistic that the number of transactions within the multifamily industry will increase this year from 2020.
“Multifamily real estate transactions may have taken a pause at this time last year, but the length of a market slowdown was much shorter than initially predicted,” said Ernie Katai, EVP and head of production at Berkadia. “In the first half of this year, we saw a rebound resulting from the pent-up industry energy and availability of capital, leading to a record-setting start to 2021.”
He added that “an increased desire for the transient, renter lifestyle and migration patterns have led to increased renter demand, and corresponding investor interest, particularly in secondary markets across the country.”
- ◦Sale/Acquisition
- ◦Financing
