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Why We Keep Buying Apartments When Others Are Quitting - Bonus Episode With Zach Haptonstall
Why would a multifamily operator keep buying apartments while so many peers are handing properties back to lenders? In this sit-down, Rise48 Equity Capital Formation Manager Jason Kish asks CEO Zach Haptonstall how the firm has kept operating through what Zach calls "multifamily purgatory," and why Rise48 keeps acquiring in the Sunbelt.
Zach starts with the factor he believes matters most: the team. Many sponsors bought at the end of 2021 and in early 2022, right before interest rates spiked, and since then it has often made more economic sense for them to give deals back. Zach explains why…
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