As 2025 winds down, multifamily leaders are bullish on new development

Fed rate cut brings money off the sidelines, fueling appetite for building in Blue Chip markets

Download Index

RENT POWER

While rents continue to drop in oversupplied Sun Belt markets, rent growth is giving landlords the upper hand in blue chip markets like San Francisco and New York City.

In our third Multifamily Market Index, The Real Deal and Amazon Key surveyed industry leaders to learn how they’re positioning their companies going into 2026. Executives from Related Companies, Trammell Crow Company, Continuum Company and more told us why the latest rate cuts from the Fed are making them optimistic about new development for the first time in years, how oversupply is continuing to drive down rents across the Sun belt, and where they’re looking to invest in the coming cycle. Download our Multifamily Market Index: Volume 3 today to get a look behind the boardroom door.

Download Index

BUY

As the Fed cuts interest rates, capital that has been waiting in the wings is beginning to look for new development and buying opportunities.

SELL

Oversupply continues to put downward pressure on rents in markets like Austin and Phoenix, making multifamily leaders eager to divest from those markets.

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

Greg MacDonald

Ballast Investments
Co-Founder/CEO

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 Rasmussen

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

Will Murphy

Cedar Street
Co-Founder/CEO

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 3, created in partnership with Amazon Key. Download the full index now and see what top execs are buying, selling and betting on next.

By downloading the Multifamily Market Index, you authorize The Real Deal and/or Amazon Key to contact you.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.