Mass Construction Show
Headwinds in Multifamiliy
Jan 16, 2024
Join multifamily real estate expert Mike Procopio as he discusses the challenges of casualty insurance, creative strategies for value creation, niche lifestyle communities, standardizing designs, and rethinking mortgage financing in real estate deals.
47:36
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Quick takeaways
- Insurance costs are rising in real estate, impacting property values and deal feasibility.
- Interest rate hikes make multifamily deals unfinanceable, leading to price discovery for existing assets.
Deep dives
Impact of Rising Insurance Costs on Real Estate Deals
Insurance costs in the real estate industry are experiencing significant changes, especially in casualty insurance, impacting property valuations and operating costs. The unpredictability in reinsurance markets due to natural disasters has led to exponential cost increases. This shift has made insurance a critical factor in determining deal feasibility, affecting property values and overall market dynamics.
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