Smart access in retrofit properties: How class B and C communities can compete with class A properties

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 September 2026: $9.7B across 119 reported transactions. All Multifamily coverage →

Computed from Real Estate Trail’s own tracked coverage

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