The commercial real estate meltdown is beginning to spread to different assets and markets…
The next victim – Texas Multi-Family
Here's a worrying snippet from The Real Deal this AM:
"For the past few years, Texas multifamily was one of the hottest real estate investments in… pic.twitter.com/BcIcYJEDVu
— Triple Net Investor (@TripleNetInvest) November 21, 2023
Q1 2024 is where I see mass distress in multifamily Texas market primarily driven by loan maturities and interest rate cap expirations. I know a ton due coming around that time.
— The Wolf Of Real Estate (@TheWolfofREI) November 21, 2023