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Episode 174: Neal Bawa - What NO ONE In Multifamily Is Talking About in Today’s Market

The Apartment Gurus

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What's Going on in the Development Pipeline?

The development market is challenged. Anyone that says it isn't challenged or there's something magical about development where it doesn't get hurt, the answer is if you position it, well, some projects won't get hurt. We're taking some hits on the interest side, but as long as we don't sell them in the next 12 months, we find that they're not impacted much because we're basically finishing them up and leasing them up at this point. And we think that in 2024, we'll have access to much lower rates if we want to sell them. If that doesn't happen, we won't sell them until 2025.

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