Despite Headwinds, Top Multifamily Players Are Still Keen On Expanding Their Portfolios

The multifamily market is realigning around a few emergent markets and asset types

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Power Balance Score

The market slightly favors landlords, though cities like L.A. and San Francisco still pose renter-driven challenges.

The Real Deal partnered with Amazon Key to survey 41 C-suite executives from across the multifamily industry to get their insights into this crucial moment in the market. Representing the industry’s most influential firms, including Trammell Crow, CityView, Shapack Partners and Rastegar Capital, these leaders helped us put together a snapshot of an industry at a crossroads. Our Q2 2025 Multifamily Market Index is a must-read for owners, operators and investors looking for an edge in the next cycle.

BUY

Investors remain cautiously optimistic, with Texas and the Sun Belt leading as top acquisition targets despite macro headwinds.

SELL

Most owners are holding firm, with sell-offs limited to high-regulation or oversaturated markets like San Francisco and NYC.

Meet the Power Players

This panel commands tens of billions in multifamily assets across the country, from ground-up developments to legacy portfolios. When they move, the market pays attention.

Alan Lev

Belgravia Group
Chairman

Alex Valente

High Street Residential/Trammell Crow Company
Principal

Alexander Durst

Durst Organization
Principal & Chief Development Officer

Amanda Keating

Weber Thompson
Senior Principal

Ari Rastegar

Rastegar Capital
CEO

Bobby Anderson

Alliance Residential Company
Managing Director

Brian Dinerstein

Dinerstein Companies
CEO

Bruce Eichner

Continuum Company
CEO

Charles Bendit

Taconic Partners
Co-CEO

Chris Gray

President
Moss & Company

Chris Tourtellotte

LaTerra Development, LLC
Managing Director

Curt Bailey

Related Midwest
President

Cyrus Sanandaji

Presidio Bay
Founder and Managing Director

Danny Haber

oWow
CEO

David Haymes

Pappageorge Haymes Partners
Co Founder

David Kramer

Hudson Companies
President

David Schwartz

Waterton
CEO + Chairman

David Schwartz

Slate Development
Principal

Doug McDonald

Summer Hill Apartment Communities
President

Gino Canori

Related California
President

Ignacio Montes

Alta Developers
President

J.R. Berger

Magellan Development Group
President

James Letchinger

JDL Development
Founder + CEO

Jay Martin

CHIP NYC
Executive Director

Jeff Burns

Affiliated Development
Co-Founder + CEO

Jeff Quinlivan

Kolter Group
President - Multifamily

Jeff Shapack

Shapack Partners
Founder + CEO

Joel Berhens

High Street Residential/Trammell Crow Company
Managing Director

Justin Pelej

Focus
Principal | EVP of Development

Kate Good

Hunington Properties
Principal

Ken Himmel

Related Ross
President

Kyle Wilks

Wilks Development
CEO

Maggie Brunn

A&E Real Estate
President

Mark Engel

Langsam Properties
CEO

Matt Fiascone

The Habitat Company
President

Michael Van Der Poel

ACRE
Founder + Partner

Nathan Berman

MetroLoft
Managing Principal

Noah Breakstone

BTI Partners
Managing Partner + CEO

Orin Wilf

Garden Homes Development/ Skyline Developers
Principal

Payton Mayes

JPI
CEO

Robbie Silver

Downtown SF Partnership
President and CEO

Sam Charney

Charney Companies
Principal

Scott Rassmussen

Vista Residential Partners
Managing Director

Sean Burton

Cityview
CEO

Sue Ansel

Gables Residential
CEO + President

Tim Shaughnessy

HPI Real Estate Services & Investments
President | Multifamily

Todd Rechler

RXR
Chief Construction + Development Officer + President

Yat-Pang Au

Veritas
Founder

Unlock the Data Behind the Decisions

Want to know where the smart money is going in 2025? Get exclusive access to The Real Deal’s Q2 2025 Multifamily Market Index, created in partnership with Amazon Key. Download the full white paper now and see what top execs are buying, selling and betting on next.

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