The independent landlord sector is stabilizing. New data from Chandan Economics shows on-time rent payments climbed to 83.7% in February 2026, up from 82.8% in January. That's the highest reading since the wheels started wobbling in mid-2025.

This episode breaks down what the numbers actually mean:

• On-time payments at 83.7%, up 135 basis points from the September 2025 low
• Full-payment rate at 95.8%, the highest since August 2025
• Late payments still above 10%, but the three-month moving average is trending down
• Year-over-year comparisons still negative (31 consecutive months), but the gap is narrowing
• Western and Mountain states leading: South Dakota (97.2%), New Hampshire (94%), Utah (94%), Alaska (93.5%)
• 2-4 family rentals outperforming single-family and larger multifamily
• Macro tailwinds: GDP at 2.2%, wages outpacing inflation, steady employment

The takeaway: This is stabilization, not a victory lap. The worst of the payment squeeze appears to be behind us, but we're not back to normal. It's a grind, not a snap back.

Episode Sponsor: Rise 48 Equity
Rise 48 helps you protect and grow your wealth by investing in large multifamily apartment buildings. Vertically integrated property management. Vertically integrated construction. They handle the heavy lifting.
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CREIC | Commercial Real Estate Investment Conference
Miami | November 6-7, 2026
500 seats. Free general admission. Spots are limited.
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Disclaimer: This podcast is AI-generated. Not financial advice. Do your own homework.

Alterra Mountain Company just broke ground on The Stockman, Auberge Collection. A $550 million hotel-residence hybrid in Steamboat Springs, Colorado. And it's telling you exactly where capital is moving.

This episode breaks down why this deal matters:

• Why institutional capital is shifting away from commoditized markets toward resort and lifestyle destinations
• The Stockman: 9 stories, 59 guest rooms, 95 private residences, ski-in/ski-out access, butler service
• Why hybrid deals with multiple revenue streams (hotel, residential sales, management fees) are attracting serious capital
• Steamboat Springs as a proven destination market with consistent high-net-worth demand
• What this signals for operators still chasing oversupplied Sun Belt multifamily
• Why lifestyle and resort destinations are getting institutional attention right now

The Stockman is not an outlier. It's a signal of where the market is heading.

Episode Sponsor: Rise 48 Equity
Rise 48 helps you protect and grow your wealth by investing in large multifamily apartment buildings. Vertically integrated property management. Vertically integrated construction. They do all the work.
rise48.com

CREIC | Commercial Real Estate Investment Conference
Miami | November 6-7, 2026
500 seats. Free general admission. Spots are limited.
creicmiami.com

Want to sponsor CREIC or this podcast?
Apply for Sponsorship

Disclaimer: This podcast is powered by AI. The hosts are not licensed financial advisors, attorneys, or CPAs. All content is intended as a starting point for your own research and due diligence. Consult qualified professionals before making investment decisions.

The February rent numbers are in and the headline is going to scare some people.

National multifamily rent growth slowed to 1.2% year-over-year, down from 1.4% in January. Annualized monthly growth is sitting at 0.2%.

But context is the difference between panicking and positioning.

In this episode, we break down:

• Rents have increased for 32 straight months with zero national declines
• 86.6% of metros still posting positive YoY growth
• Florida and Texas struggling under oversupply: North Port (-5.3%), Cape Coral (-5.0%), Austin still 18.2% below its 2022 peak
• National vacancy hit 7.3% in December
• Virginia Beach (+5.9%), San Francisco (+5.9%), and Chicago (+5.4%) leading the other side of the split
• Northeast projected at 4-5% annual rent growth; Midwest on a 3-4.5% path
• Sun Belt looking at 1-2% at best until supply is absorbed
• Yardi Matrix projecting 450,000 deliveries in 2026, a 24% drop from 595,000 in 2025
• 2027 deliveries dropping further to ~416,000
• New construction starts for rental housing down 70% from peak
• Yardi forecasting national rent growth to hit 2% by 2027
• Why disciplined operators buying now, at the bottom of the rent growth cycle, will look like geniuses 18 months from now

Episode Sponsor: Rise 48 Equity
Rise 48 helps you protect and grow your wealth by investing in large multifamily apartment buildings. Vertically integrated property management. Vertically integrated construction. They do all the work.
rise48.com

CREIC | Commercial Real Estate Investment Conference
Miami | November 6-7, 2026
500 seats. Free general admission. Spots are limited.
creicmiami.com

Want to sponsor CREIC or this podcast?
Apply for Sponsorship

Disclaimer: This podcast is powered by AI. The hosts are not licensed financial advisors, attorneys, or CPAs. All content is intended as a starting point for your own research and due diligence. Consult qualified professionals before making investment decisions.