We had the chance to catch up with Morgan Williams, our Director of Asset Management & Acquisitions, on the success of the National Multifamily Housing Council's recent Annual Meeting in Las Vegas, Nevada.

Morgan found this year's conference was well attended with thousands of CRE professionals ready to get deals done. Overall sentiment was positive with a few consistent predictions for 2025:

• Stalls and slowdowns in new supply will allow oversupplied markets to absorb inventory, relieving downward pressure on rents.
  
  
• The Fed will achieve their target CPI, allowing rates to stabilize with minor cuts possible toward the end of the year.
  
  
• Rent growth, rate stabilization, and a correction to overall supply will loosen the knots in the transaction rope, but more robust deal flow is not expected until 2026.

There is still a significant inventory of assets with debt coming due for which significant value has been eroded by elevated interest rates and operating expense escalation. We will likely see a healthy volume of work-out trades with groups looking to reset their balance sheets in preparation for an upcycle.

Morgan would like to extend her thanks to those who organized the meeting and met with her throughout the event. If you attended, what are your key highlights and takeaways? Connect with us on LinkedIn to join in on the conversation!