In the News
Bonaventure Featured in ApartmentBuildings.com on Sunbelt Multifamily Market Trends
Bonaventure was featured in ApartmentBuildings.com in an article examining why the Sunbelt multifamily oversupply narrative is more nuanced than broad market headlines may suggest.
The article discusses how a wave of multifamily projects that began during the pandemic construction boom delivered between 2023 and 2025, adding new inventory across many fast-growing markets in the Southwest and Southeast. While that new supply has contributed to slower rent growth, higher concessions and lower occupancy in some areas, the article notes that local economies, demographics, demand drivers and submarket fundamentals can vary significantly across the region.
Casey MacMaster, Bonaventure’s senior vice president, investment and portfolio manager, is quoted in the article discussing the importance of how the supply story is framed. He notes that markets under the most pressure are those that absorbed the heaviest supply and attracted the most capital, while other markets with more measured development have generally remained more resilient.
MacMaster also emphasizes that absorption tells a more complete story than deliveries alone. The article highlights his perspective that headlines often focus on vacancy, rent softness and concessions, but may overlook how quickly new units are actually leasing.
Together, the article presents the Sunbelt apartment market as a localized and evolving story, shaped by supply levels, demand, job growth, household formation and individual submarket conditions.
Disclaimer
This article was produced by an independent third party and should not be considered a solicitation or recommendation. Any such recommendation or solicitation would be made under separate cover. We do not endorse or accept responsibility for the content of any third-party website.