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Will Strong Multifamily Fundamentals Offset Fallout from the War?

As the crisis in Iran ripples through the global economy, multifamily investors in the United States can find comfort in the strength of the industry’s underlying fundamentals. The shortage of housing in the U.S. is at an all-time high — and with the costs of home ownership continuing to rise, renting is the only viable choice for many consumers.

Yet our recent experience from the pandemic shows that economic shocks, even external ones, can generate volatility in the multifamily market, affecting transaction volume, pricing, and investor behavior. In this Lument In Conversation webcast, we will trace the possible economic consequences of oil and gas disruptions on growth, inflation, and interest rates — and examine strategies multifamily investors are pursuing as they respond to these challenging dynamics.

Topics for discussion will include:

  • The key metrics that economists watch as they assess the intersection of the economy and the multifamily market.
  • The consequence of higher gasoline prices on operating expenses, including materials, insurance, and payroll — and steps investors can take to offset them.
  • The resilience of the American consumer in the face of the rising prices and what it means for rents, vacancies, and turnover. 
  • The availability of capital, both for acquisitions and refinancing, and the approaches investors can use to get a deal done in this environment. 
  • The changing leadership at the Fed and its implications for rates, market volatility, and financing.
  • The metros that can be expected to outperform regardless of economic headwinds.
  • The strategies that investors can employ to maximize revenue in this market.

SAVE YOUR SEAT

MEET THE PANELISTS

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Jim Flynn

Chief Executive Officer, Lument

Jim Flynn is CEO of Lument, a leader in multifamily, affordable housing, seniors housing, and healthcare finance with Fannie Mae, Freddie Mac, HUD/FHA, USDA, and balance sheet offerings. Under his leadership, the firm has become a leading Agency and FHA lender, earned Fannie Mae’s 2023 Excellence in Operations award, and expanded its offerings to include investment sales, capital markets, investment banking, and investment management solutions.

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Chris Thornberg

Founding Partner, Beacon Economics

Christopher Thornberg, PhD founded Beacon Economics in 2006. An expert in economic and revenue forecasting and labor and real estate markets, Dr. Thornberg advises cities, counties, public agencies, and private industry across major U.S. markets. Earlier in his career, he worked on Wall Street, including advising Paulson & Co. on macroeconomic issues. From 2015 to 2023, he also served as Director of the UC Riverside School of Business Center for Economic Forecasting and Development and as an Adjunct Professor at the School. 

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Mike Roeder

Co-Founder & Managing Partner, Granite Towers Equity Group 

Michael is the Co-Founder & Managing Partner of Granite Towers Equity Group and oversees operations, acquisitions, investor relations and asset management. Prior to founding Granite Towers, Michael spent 11 years as a high‑net‑worth insurance advisor and was a top producer at a Fortune 500 company, working closely with clients to assess and mitigate risk. That risk‑first mindset is central to his approach today and is applied across Granite Towers’ real estate portfolio, from acquisitions through long‑term asset management.