Published with our partners at Arbor Realty Trust, the Q3 2025 Small Multifamily Investment Trends Report explores a wide range of topics within the small-asset subsector — including cap rates, asset pricing, refinancing activity, originations, and credit trends.

Key Findings Build-to-rent (BTR) and BFR accounted for 4.4% and 3.4% of single-family construction starts in 2019, respectively,...

Seattle tops the Arbor-Chandan Opportunity Matrix. Phoenix and Austin follow closely behind, benefiting from resilient labor markets....