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.
rise48.com

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

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Apply for Sponsorship

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.

AI job growth is hyper-concentrated in a handful of U.S. metro areas. If you're an investor, operator, or capital allocator, you need to know which ones and what it means for office demand and data center development.

In this episode, we break down:

• San Jose: Highest AI talent concentration in the country (6x national average), $216K average AI salary
• New York City: 15,000+ new AI job listings, $151K average salary, Harvey AI expanding in Manhattan
• Seattle: AI roles nearly 3x the national average, $170K average pay, Microsoft/Amazon/startups driving office absorption
• Dallas: The dark horse with $128K average salary, 316 coworking spaces, solid fiber coverage, and a cost of living that makes scaling affordable
• CBRE projecting more high-profile AI leasing deals through 2026
• OpenAI expanding in San Francisco's Mission Bay
• The office market bifurcation: AI-rich metros thriving while traditional markets struggle
• Data centers as the dominant asset class: $600B+ in cloud company capex projected for 2026
• Moody's projecting $3 trillion in global data center spending over five years
• 100 GW of new capacity by 2030 = $1.2 trillion in real estate asset value creation
• Data centers outbidding home builders for land in major U.S. markets

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.

Rise 48 Equity is the first official sponsor of CREIC.

This entire episode is dedicated to them. This is how we treat our sponsors.

Founded by Zach Haptonstall out of Phoenix, Arizona, Rise 48 Equity is one of the most disciplined multifamily operators in the country. From a lower middle class upbringing to building a vertically integrated real estate company with over 11,000 units, 350 W2 employees, and a track record that speaks for itself.

In this episode, we break down:

• Zach's journey from undersized offensive lineman to healthcare marketing director to full-time real estate operator
• Quitting a $200K+ career with $300K in savings and making zero dollars for three years
• How Rise 48 went from 6 deals ($60M) to 32 deals ($1.3B) in 24 months
• Full vertical integration: Rise 48 Communities (property management) and Rise 48 Construction
• Controlling the entire supply chain with fixed pricing on materials and labor sourced wholesale from overseas manufacturers
• Never missing a debt payment, never defaulting, never losing investor capital
• Playing "grim reaper" by acquiring over a dozen distressed deals at loan amounts, wiping out seller equity
• Expanding from Phoenix to Dallas (2023) and North Carolina (2024)
• Shutting down two profitable businesses (HVAC company with $3.5M revenue/35% margins and third-party management) on January 1, 2026 to maintain laser focus
• Going all in on AI with an internal AI committee, daily standups, and building a proprietary operating system using Claude Code
• Automating 4,000 monthly distribution payments in two days (saving $100K and six months of development)
• Pivoting to operational value-add: bulk cable contracts, carports, valet trash to drive NOI
• Zach's market outlook: 12-month bottom window, new supply absorbed by late 2026/early 2027, significant housing shortage ahead, and tailwinds for operators who bought at 30-50% discounts

Watch the full interview with Zach Haptonstall:
On the Rise Podcast - Zach Haptonstall Interview

Learn more about Rise 48 Equity:
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.

Private credit was the institutional darling for two years running. High yields. Massive inflows. But the cracks are showing. A live dispute between Western Alliance and Jefferies over a $337M loan tied to bankrupt First Brands is exposing just how fragile the space has become. Banks hold roughly $300B in private credit exposure through opaque SPV structures and fund financing channels. When one blows up, nobody knows where the shrapnel lands.

Meanwhile, commercial real estate values remain approximately 22% below their 2022 peak, creating a compelling entry point as capital begins rotating back into real assets. Blackstone's BREIT just posted its strongest inflows since 2022. The smart money isn't guessing. It's moving.

In this episode, we break down:

• Why private credit's high-yield appeal is being recalibrated against liquidity and transparency risks
• The Western Alliance vs. Jefferies dispute and what it signals about bank exposure to private credit
• $300B in opaque bank exposure through SPVs and fund financing
• Non-traded REIT inflows rebounding after dropping from $33.2B (2022) to $5.7B (2025)
• Blackstone's BREIT posting its strongest inflows since 2022
• CRE values sitting 22% below 2022 peak as an entry point
• U.S. equity REITs tripling capital raising in February
• Harbor Group International closing a $562M, 11-asset multifamily acquisition
• Freddie Mac's Small Balance Loan program anchoring multifamily financing
• Executive orders targeting housing regulation cuts
• Rent cuts in a quarter of U.S. apartment markets, led by Florida metros
• Bank of America leasing the full office tower at One Bryant Park
• OpenAI expanding with another Mission Bay lease in San Francisco
• Electrified industrial outdoor storage emerging as a niche asset class
• A $200M data center factory coming to Brighton, Colorado

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 and construction. Full platinum-level renovations that increase asset value and profit margins for investors.
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.

Blackstone emerged as one of the biggest sellers in commercial real estate to start 2026, offloading over $1 billion in assets in January alone. Park Avenue Tower in Manhattan ($730M), Skyview Park in Queens ($424M), Streets of Woodfield near Chicago ($69M). But they're not running for the exits. They're repositioning into data centers, luxury apartments, and logistics.

In this episode, we break down:

• Why Blackstone is shedding legacy assets and what it signals for the broader CRE market
• Where institutional capital is flowing right now (industrial deal activity is only 11% below pre-pandemic levels)
• Clarion Partners' $412M acquisition of The Brickyard logistics site in LA
• The office market reality: trophy assets move, everything else struggles
• Deals over $100M increasing year over year despite declining total volume
• The federal government buying warehouses (not leasing) for ICE detention centers
• Sale-leaseback resurgence: $14B fueled by M&A activity
• Public Storage acquiring National Storage Affiliates in an all-stock deal
• Jay Parsons' 2026 apartment rent outlook
• Industrial bulk occupancies jumping 25%
• Office traffic posting its strongest February since 2020
• Bank of America strategist drawing pre-2008 parallels
• Rising five-year inflation expectations driven by energy prices and geopolitical tensions

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 and construction. Full platinum-level renovations that increase asset value and profit margins for investors.
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 official CREIC website is live.

creicmiami.com - go check it out right now.

For twelve episodes, we've been telling you the room is being built. Now it has a home. The event. The vision. The RSVP. It's all in one place.

Adam, Cam, and the team are taking an approach nobody has ever seen in commercial real estate. They're not building another conference. They're creating an experience and delivering more value than this niche has ever seen at a single event.

Here's the bold claim: There will be more capital at CREIC ready to deploy than all of the major events usually on the North American commercial real estate circuit. And in just the last five days, major equity has confirmed it will be in the room.

This isn't an event where you sit in the stands and wave pom poms. This is where deals get done.

Website:
creicmiami.com

Apply to Sponsor CREIC or This Podcast:
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CREIC — November 6-7, 2026 | Miami, FL

500 seats. Spots are limited. Move fast.