Single-family rental (SFR) conditions strengthened during the first half of 2026, with rents rising across all 50 of the nation’s largest metros between December 2025 and June 2026. Growth was broad-based but uneven, with many Northeast and Midwest markets outperforming major Sun Belt metros.
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Small Multifamily Investment Trends
from Arbor & Chandan Economics
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Our Small Multifamily Investment Trends quarterly reports
are in-depth assessments of the key factors influencing small multifamily financing
and investment performance. Four times a year, this series identifies the
latest trends in underwriting, financing, cap rates, valuation, and more.
Small Multifamily Archives
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Cap Rates and Valuations Rebound as Lending Remains Steady
Small Multifamily Lending Activity Accelerates as Loan Maturities Reshape Cap Rates
Arbor Realty Trust’s Small Multifamily Investment Trends Report Q4 2025, developed in partnership with Chandan Economics
Asset Valuations Returned to Growth as Credit Conditions Continued to Improve
Asset Valuations Edge Higher as Credit Conditions Tighten
Asset Valuations Edge Higher as Credit Conditions Tighten