UPREITs: Keeping Real Estate Investments in Play
April 12, 2023
Increased interest in UPREITs also comes as rising interest rates and recession worries have put downward pressure on real estate and reduced demand for DSTs. While this has forced some sponsors to scale back property purchases, other firms like Capital Square started 2023 off by completing the acquisition of multiple multifamily properties for both DST and opportunity zone fund offerings. The industry is currently in a process of “price discovery” as buyers and sellers come to terms with the new reality around debt terms.
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