Erika Morphy

Deadlines aren't the headline story in 1031 exchanges; what truly matters is how investors leverage those rigid timelines to their advantage through "parking" structures, backup strategies, and long‑range planning that make each exchange one move in a lar... See more

Record negative rent growth in the single‑family rental sector is no longer a hypothetical risk factor—it is now in the data. In the latest Zelman & Associates single-family rental survey, rent growth printed at negative 1.1 percent, the weakest readi... See more

Multifamily has been the workhorse of commercial real estate for the past two years. Now, just as distress is finally surfacing in other sectors, a different narrative is taking hold: that apartment risk is suddenly toxic. On a recent episode of The Trepp... See more

Office delinquency statistics suggest that the worst of the crisis may be behind the market. Yet in conversation with lenders, special servicers, and equity sponsors, a different story keeps surfacing: the visible data do not fully capture the strain stil... See more

More than any basis-point move, the most consequential number in multifamily finance heading into 2026 may be $30 billion. That is the combined increase in Fannie Mae and Freddie Mac’s multifamily purchase caps, a shift that appears technical on paper but... See more