Brightshore’s Tom Shapiro: Rate Shock Sours Housing as Data Centers Lift Industrial
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed multifamily deal value tracked in October 2026: $8.3B across 92 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
Brightshore Capital founder Tom Shapiro told CNBC that a September rate hike and 30-year mortgages near 7.5 percent have soured both the for-sale and rental housing markets, even as data center users are snapping up t…
External link. Real Estate Trail does not republish source content.
Related coverage — Multifamily
DDG Puts 40-Unit 235 Valencia Street Up for Sale in San Francisco’s Mission Dolores
Colliers has brought 235 Valencia Street to market, offering investors a five-story, 40-unit mixed-use building that DDG completed in 2021 on a former motorcycle-shop site, just as San Francisco apartment vacancy sink…
A fashionable, new amenity-rich apartment complex has opened. It’s in one of CT’s poorest communities.
Inside the City: New 4-story apartment complex planned for Inglewood’s northside
Alum Rock Union School District, CORE Builders Launch 78-Unit Teacher Housing Project in East San Jose
Alum Rock Union School District, design-builder CORE Builders and architect Steinberg Hart marked the start of a 78-unit, bond-financed rental community for teachers and district staff on Oct. 16, turning a slice of d…