EPS 350 - Multifamily’s Lost Decade: Survive the Storm, Seize the Opportunity

Nearly 300 apartment investors gathered in Dallas for the 10th Annual Old Capital Conference—but this year felt very different.  With a “Survivor” theme, the conversation focused on what multifamily investors have endured: higher interest rates, rising insurance and taxes, expanding cap rates, difficult equity raises, and property values that in some cases have fallen back toward 2016 pricing.  But after several painful years, could the market finally be creating one of the most interesting buying opportunities in a decade?  In this episode, we break down what we heard from experienced operators, lenders, GPs, and investors about distressed properties, lender foreclosures, repair escrows, and why even Fannie Mae borrowers are beginning to feel pressure.  Michael shares his success story on purchasing a large apartment property that was roughly 50% occupancy to 95% through disciplined management, capital improvements, competitive pricing, and relentless execution.   Michael also discusses why raising equity takes longer today, why GPs are talking with investors before putting deals under contract, and why a big social-media following is no substitute for knowing how to operate an apartment property.

We share lessons from the Old Capital Accelerator Program, where aspiring investors move beyond spreadsheets and into real-world underwriting, property tours, deal analysis, and conversations with experienced GPs.

Keynote speaker and 9/11 survivor Darren Kinder brought the conference theme full circle with a powerful message about resilience, community, and what surviving adversity can teach us.

The multifamily storm has taken out plenty of investors—but for those still standing, educated, disciplined, and prepared to act, this window in time may look very different from the last four years.

Learn alongside experienced apartment owners, brokers, property managers, attorneys, and other industry professionals as we walk through the entire acquisition process—from finding and underwriting deals to financing, due diligence, raising equity, and submitting an offer. This isn't about theory. It's about learning how apartment deals actually get done in today's market. Real Deals. Real Experts. Real-World Experience.

Learn more and apply to the Old Capital Multifamily Accelerator:
OldCapitalAccelerator.com