Is Multifamily Bottoming? 3 Signals to Watch + Tax Moves
Overview
Dwight Dunton was featured on PassivePockets, where he discussed the current state of the multifamily market, what signals may point toward recovery, and how experienced investors are positioning themselves during this stage of the cycle.
In the episode, Dwight explains why today’s market environment requires investors to focus less on speculation and more on fundamentals such as supply absorption, NOI growth, and disciplined capital structures. The conversation explores how multifamily markets are adjusting after a period of elevated interest rates and rapid supply growth, and why patient investors may begin finding opportunities as conditions stabilize.
The discussion also covers tax-efficient investment strategies, including 1031 exchanges and UPREIT structures, and how these tools can help investors preserve equity and reposition assets over the long term. Dwight shares why long-duration thinking, operational discipline, and conservative leverage continue to be central to Bonaventure’s approach across market cycles.
Key Takeaways
- Multifamily recovery may depend more on supply absorption than rate cuts alone.
- NOI growth and operational execution remain key drivers of long-term performance.
- Patient investors may find opportunities as markets normalize.
- Tax-efficient strategies such as 1031 exchanges and UPREITs can support long-term wealth preservation.
- Conservative leverage and disciplined underwriting remain critical across market cycles.