After a wave of failed real estate syndications and several years of declining commercial real estate prices, passive investors are understandably hesitant to deploy their capital. But despite mixed LP sentiment and economic uncertainty, today’s guest believes there’s reason for optimism and that multifamily real estate is poised to rebound.

Our conversation provides a data-driven perspective from one of the industry’s most informed voices, Andrew Cushman—a seasoned multifamily investor and operator with a portfolio approaching 3,000 units. We explore the macroeconomic forces reshaping the market, from stabilizing interest rates to supply slowdowns and a structural housing shortage that may fuel rental demand and rent growth for years to come.

Andrew also shares how he and his team are adapting their strategy for today’s unique challenges—tariffs, fluctuating supply, and recession fears. We even unpack the operator dynamics behind syndication failures and identify clear red flags to avoid when choosing where to invest your capital. Whether you’re a new investor or an experienced limited partner, join us as we discuss the state of multifamily in 2025 and the opportunities that may define the next cycle.

Disclaimer

The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Remember that past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any of the advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

In This Episode We Cover

The impact of tariffs and low housing supply on multifamily real estate

How passive investors can protect their capital from bad syndication deals

Why rental demand and rent growth are set to rise in the years ahead

Best practices when analyzing a syndication deal (and common mistakes to avoid)

How Andrew is adapting his investing strategy for today’s challenges

Why LPs can’t afford to approach commercial real estate like the stock market

And So Much More!

Link from the Show

Andrew’s LinkedIn

Ep 80 – Nick Russo