Best Ever Conference Recap | Value-Add Risks, Cap Rates & 2026 Multifamily Strategy | LSCRE PODCAST

In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrouther unpack what’s really happening in today’s multifamily market - and why chasing “home run” deals may be the fastest way to lose investor trust.After meeting with dozens of investors at the Best Ever Conference, a clear theme emerged: value-add fatigue, rising skepticism around aggressive projections, and a growing demand for certainty over hype.                                                                                                                                                                                                                      Chapters: 00:00 Intro02:25 Why Value-Add Isn’t Working Like It Used To09:08 LSCRE’s 2025–2026 Acquisition Strategy12:07 What Makes LSCRE Different15:19 Long-Term Strategy & 1031 Compounding19:33 Why Fund Managers Should Avoid Big Swings23:28 The Case for Longer Hold Periods25:37 Preserve at Copper Springs UpdateTopics covered:• Why high IRR multifamily deals come with hidden downside• The real risk behind “2X projections”• Is the value-add strategy breaking down?• How new supply and concessions are changing apartment investing• The return of cap rate spreads between Class A, B, and C assets• Why investing in A locations beats upgrading C properties• The filtering-up effect happening across multifamily• Why fund managers must prioritize capital preservation• Certainty of execution vs swinging for outsized returnsIn a market where rent growth has cooled and supply has surged, the operators who survive aren’t the ones chasing upside — they’re the ones protecting investor capital and positioning for long-term durability.If you’re a passive investor, capital raiser, or multifamily operator navigating the 2026 cycle, this conversation will reshape how you think about risk, projections, and strategy.