Rent Growth, Inflation, and Finding the Very Best Private Equity Real Estate Investments

New rent growth data cements a robust positive trend for multifamily performance, with four consecutive months of increasing monthly rent growth and forecasts that Q2 rent growth could exceed pre-pandemic averages if current trends continue. On the other hand, the rent growth measured in the Consumer Price Index, (0.6% month-over-month and 8.8% year-over-year), continues to misrepresent the current state of the market and are a large part of the high year-over-year inflation number (4.9%) and the elevated monthly inflation (0.4%, up from 0.1% the previous month). Sources discussed in this episode: Bureau of Labor Statistics: “Consumer Price Index, April 2023” - https://www.bls.gov/news.release/cpi.nr0.htm NAR: “April 2023 Commercial Market Insights” - https://www.nar.realtor/commercial-market-insights/april-2023-commercial-market-insights Yardi Matrix: “National Multifamily Report, April 2023” - https://www.yardimatrix.com/publications/download/file/3792-MatrixMultifamilyNationalReport-April2023 Apartment List: “The Number of ‘Super Commuters’ Has Fallen to the Lowest Level in Over a Decade” - https://www.apartmentlist.com/research/number-of-super-commuters-has-fallen-to-lowest-level-in-over-a-decade SSRN: “Persistently Poor Performance in Private Equity Real Estate” - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4437519 For the latest multifamily news from across the internet, visit the Gray Report website: https://www.grayreport.com/ Sign up for our free multifamily newsletter here: https://www.graycapitalllc.com/newsletter DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.