Global Real Estate Intelligence
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Beyond the Bond Yield: Examining Cap Rate Drivers

Berkadia Research whitepaper challenging the assumed lockstep between bond yields and cap rates, identifying unemployment, Treasury yields, transaction volume, and effective rent as significant cap-rate drivers.

Capital MarketsMultifamilyEconomyU.S. National
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Multifamily Lending Mid-Year Market Landscape

Mid-year review of multifamily lending: agency lending volumes rising, third-party capital remains accessible, and transaction activity concentrating in higher-quality assets amid disciplined underwriting.

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The Graying Gold Rush: Seniors Housing Outshines Amid Uncertainty

Capital-markets research on seniors housing, which delivered a 10.6% total return in 2025 (vs. 4.9% NCREIF), with core assets trading below 6% cap rates and an estimated $275B investment needed by 2030.

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Private Credit in CRE: Liquidity, Competition, and Evolving Opportunities in 2026

Analysis of the private credit landscape in CRE lending, where abundant liquidity is compressing spreads and pressuring risk-adjusted returns as institutions, life companies, and private lenders compete for quality multifamily and industrial assets.

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MBA CREF 2026: Five Takeaways Shaping CRE Lending & Investment

Five takeaways from the 2026 MBA CREF conference: CRE originations hit $633B in 2025 (+27%) with $805B projected for 2026, nearly $1T in 2025-2026 loan maturities, and intensifying agency lender competition.

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Berkadia 2026 Multifamily Investor Sentiment Survey

Berkadia polled over 200 advisors and bankers, finding Core-Plus properties expected to generate the best risk-adjusted returns in 2026, followed by Value-Add Class A and Class B rental housing.

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Berkadia Q1 2026 National Multifamily Report

The Q1 2026 Apartment Update reported monthly effective rent advancing 1.7 percent over the trailing four quarters, accelerating from 1.2 percent growth in the prior year.

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