It’s the end of June and the first half of 2024 is in the rearview mirror. Where did all those “distressed” deals go?

We’re at the front lines: 2 closing this week, and 7 more scheduled to close by July 22nd.

Over the last 30-45 days, we’ve witnessed significant changes in transaction volume and pricing. What’s driving these changes?

A handful of factors, yet it’s clear that capital is getting much more aggressive.

The below video highlights my thoughts, and includes comments on the following:

  • JOBS: May’s job report showcasing a resilient economy of mixed signals, with both an increase in jobs and a rise in unemployment.
  • RENTS: Seattle is now ranked 10th of the top 12 markets for rent growth in June, and further increases are predicted.
  • SALES: Blackstone’s recent $2.1 billion acquisition of urban properties marks the start of price discovery and market escalation.





  1. Hiring and Wages are Up, Reinforcing the Economy’s Resilience
  2. Top 12 Multifamily Markets for Rent Growth in Q2 2024
  3. Market Review Real Estate April 2024
  4. Simon Anderson Multifamily Team