Analysis

Small Multifamily Investment Snapshot — June 2025

Amid ongoing macroeconomic uncertainty, the small multifamily sector remains favorably positioned for stability as the structural need for affordable housing in the U.S. has supported the strength of the sector’s demand profile.

Articles

Single-Family Build-to-Rent Starts Remain Robust

As build-to-rent (BTR) demand rises, single-family rental (SFR) development has become more efficient in creating a distinct, community-focused experience for renters. Newly released U.S. Census Bureau data confirms that SFR/BTR development continues to be robust and stable, with its annualized pace of construction in the first quarter of 2025 matching the previous quarter’s tally.

Articles

Top Multifamily Markets for Low Renter Turnover

Tenant retention is a valuable — though sometimes elusive — contributing factor to the strength of a multifamily property. Nationally, 29% of multifamily households signed a third lease for the same unit, according to an analysis of the U.S. Census Bureau’s American Community Survey. Locally, renter turnover was lowest in major coastal markets, like New York City, and highest in transient renter markets, like Charleston, SC.

Current Reports

Small Multifamily Investment Trends Report Q2 2025

While markets undergo rapid recalibration, the small multifamily market’s performance remains strong and stable. Arbor’s Small Multifamily Investment Trends Report Q2 2025, developed in partnership with Chandan Economics, details how the sector’s resilient fundamentals effectively support its growth amid ongoing economic volatility.

Proprietary Preferred Equity behind Conventional Loans

FREDDIE MAC® Proprietary Preferred Equity behind Conventional Loans   Arbor now offers access to proprietary preferred equity behind all Freddie Mac Conventional loans we originate. With Arbor, you can simultaneously secure a senior loan and preferred equity under one roof, streamlining your experience throughout the lifecycle of your loan.

Analysis

Top U.S. Multifamily Rent Growth Markets — Q1 2025

The U.S. multifamily market continued to settle into a more normalized cycle during the first quarter of 2025, as well-positioned investors began to take advantage of new opportunities in an uncertain economic environment.

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Daniel Lipkin

Senior Vice President, Structured Asset Management

Daniel Lipkin joined Arbor in February 2021 and has more than 15 years of combined commercial real estate finance and legal experience. Mr. Lipkin is a Team Leader within the Structured Asset Management department, supervising the New York City office. He focuses on loan restructuring, loan workouts, and special resolutions, and is also responsible for a revolving portfolio of senior loans, mezzanine loans, and preferred equity investments.

Prior to joining Arbor, Mr. Lipkin served five years as an Asset Manager at Stabilis Capital Management. He was previously a Vice President at LNR Partners, LLC in Miami Beach, FL, where he managed REO assets and negotiated the modifications or foreclosures of over $2.5 billion of securitized non-performing loans.

Mr. Lipkin holds a Bachelor of Arts in History from Stanford University, a Juris Doctor from the University of San Francisco School of Law, and an LL.M in Real Property Development from the University of Miami School of Law.

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