Reid Bennett knows multifamily.
As National Council Chair of Multifamily at SVN and a 24-year broker across market-rate, workforce, and affordable housing, he's completed hundreds of transactions and advised lenders on more than 450 broker opinions of value (BOV) in just the past 18 months.
In my recent conversation with him, Reid cuts through the noise to explain what's really happening in multifamily and why sponsors and investors need to pay attention.
Here are five big questions he answers:
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Are the 450+ BOVs a sign that distress is about to hit multifamily, or just lenders marking time?
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Why are occupancies still in the mid-90s when everything else in the economy feels shaky?
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What's crushing NOI faster - insurance, property taxes, or payroll?
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How should investors think about workforce housing as a long-term hedge against oversupply at the top end?
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Why do Class A buildings show concessions while B and C rents remain sticky, and how does new supply really solve affordability?
This isn't 2009, but it isn't 2021 either.
Reid explains why today's market feels like a slow-motion reset and what signals to watch if you want to stay ahead.
Tune in to hear Reid's unvarnished take.
