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Multifamily CRE: Where Will Cap Rates Peak?

by Christopher D'Avirro, Research Analyst   Brian Payne, Head of Portfolio Construction  

We project US Multifamily cap rates to increase from 5.2% to 6.5%. While we find an unfavorable risk-adjusted return on the asset, especially relative to other opportunities in CRE, cap rates are moving closer to peak.

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