In a market defined by uncertainty, multifamily leaders weigh local regulations against looming supply cliff

With rent growth around the corner, the multifamily market remains in a holding pattern

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WHO HAS THE POWER?

Oversupplied markets in Texas and the Sun Belt are awash in concessions, while rents remain high in supply-choked cities.

For our second Multifamily Market Index, The Real Deal and Amazon Key surveyed leaders from around the industry for a behind the scenes look at how players are navigating this crucial moment. Executives from the Durst Organization, Continuum Company, Waterton, A&E Real Estate and more weighed in on the long term effects of high interest rates, how local regulations help (and hurt) developers and operators, and why more investors are looking to 2026 as the year of rent growth. Download our Multifamily Market Index: Volume 2 today to get an edge in the next cycle.

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BUY

While overall uncertainty is driving down buyer confidence, investors remain bullish on Texas as well as established metros like Chicago.

SELL

Though some owners are looking to exit highly-regulated markets like Los Angeles and New York, many are confident that rents will rise in the future.

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

New York Apartment Association
Executive Vice President

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

Matt Engel

Langsam Property Services Corp
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 Multifamily Market Index: Volume 2, created in partnership with Amazon Key. Download the full index now and see what top execs are buying, selling and betting on next.

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