Maturing Loans Are Pushing Texas Multifamily Assets to Sell Below Market

For much of 2023 and 2024, Texas multifamily operators were fighting a war of attrition; new supply flooded Sun Belt markets, concessions became standard practice, and occupancy rates slipped across the board. Now, as that supply wave recedes and short-term loans originated in 2021 and 2022 reach maturity, a different dynamic is emerging: lender-owned assets […]