Description

"Currently multifamily is in the recession phase of the cycle...the perfect storm really is about rates, oversupply, and all these different headwinds making deals difficult to pencil."
~August Biniaz~

August Biniaz, co-founder and CIO of CPI Capital, has closed over $225 million in multifamily and BTR assets across 15 years in real estate. In this episode, August breaks down why multifamily is in the recession phase of its cycle and shares what he's seeing on the ground in Tampa and San Antonio markets. From extend-and-pretend strategies to 80% of deals failing to transact, he gives an unfiltered look at today's commercial real estate landscape.

Learn More About:

• Why 80% of multifamily deals in their pipeline don't end up transacting
• The extend-and-pretend strategy banks are using to avoid distress sales
• How oversupply in markets like Phoenix and Austin created downward pressure on rents
• The difference between Tampa and San Antonio distressed deal flow
• Why commercial real estate fundamentals remain strong despite current headwinds

Connect with August Biniaz:
Website: CPI Capital
Podcast: Real Estate Investing Demystified