May 5, 2025
According to Multifamily Dive, apartment sales volume rose 7% year-over-year to $30 billion in Q1 2025, marking the fourth consecutive quarter of growth. The increase was driven largely by a 39% surge in single-property sales, while portfolio and entity-level sales continued to lag behind pre-pandemic levels. Despite recent market volatility, cap rates remained steady and multifamily performance showed resilience. Ashcroft’s Chief Investment Officer Scott Lebenhart is quoted sharing his perspective.
Read the full article at: Multifamily Dive
Article Excerpt:
However, Scott Lebenhart, chief investment officer at New York City-based apartment owner Ashcroft Capital, says the market has almost come to expect volatility in bonds.
“We have seen some major swings in rates recently, yet this is not dissimilar from previous fluctuations in rates,” Lebenhart told Multifamily Dive. “For new acquisitions, it’s important to layer in some cushion in rates when underwriting deals.”
