May 19, 2025
One of the benefits of being the CEO of the largest private Build-to-Rent (BTR) developer in the United States is that I get invited to some pretty interesting meetings. Earlier this week, I was invited to an event hosted by Ron Terwilliger and Preston Butcher, two legends in real estate. Real estate economists each gave their view of the economy, and the first one started his presentation by saying, “I hope you weren’t expecting me to tell you how this is all going to work out…” I appreciated his honesty. Of course, no one knows exactly when or how the current tariff turbulence will work itself out, but it appears that it may be waning already. And when it does end, the multifamily real estate market should pick up where it left off at the end of the first quarter — on the rise.