CF CAPITAL | ELEVATING COMMUNITIES TOGETHER
Hello Friends and Investors,
As the sun begins to set on summer, we’ve been reflecting on a timeless truth in this business: the real wins come to those who are steady in uncertainty and prepared for what’s next.
At CF Capital, that remains our approach as we evaluate opportunities, monitor evolving market conditions, and prepare for strategic moves in the second half of the year.
Market Overview
Market Pulse: Stability Beneath the Surface
The multifamily market continues to exhibit signs of regional strength amid national moderation:
Midwest markets are outperforming national rent trends, posting 3–4% YoY rent growth ~1.1% nationally (Yardi Matrix, July 2025).
Occupancies remain healthy, ranging between 93–95% across our core metros.
New construction has slowed dramatically, setting the stage for stronger absorption and pricing power into 2026.
Meanwhile, there’s ongoing discussion around Fed rate cuts, but investors should note: lenders are increasing spreads in some cases, meaning any near-term cuts may not materially lower borrowing costs. It's a reminder to underwrite to what is, not what we hope will be.
Event Recap: State of the Market Multifamily Roundtable
In partnership with CCIM Kentucky and Frost Brown Todd, CF Capital hosted a dynamic conversation last month exploring the real forces shaping CRE. We're excited to share with you the entire recording of the event.
Top takeaways:
This was a powerful gathering of 75+ attendees consisting of lenders, operators, attorneys, and investors—and we’re committed to staying ahead of these shifting tides so you don’t have to. We’re very happy to share the full recording for folks who were unable to attend in person.
10 Most Landlord-Friendly States in 2025
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TurboTenant - Landlording in the wrong state can quickly turn into a nightmare. You could end up with hard-to-evict tenants, high property taxes, and rent control that makes it impossible to keep up with the market.
For these reasons, knowing the country’s most landlord-friendly states is a wise move. Owning property in a state where eviction laws, property taxes, and policies all work in your favor makes real estate investing a whole lot easier.
The Geography of Multifamily’s Growth: Urban vs. Suburban (and Everything in Between)
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Chandan Economics - The past decade has been a whirlwind for the multifamily sector — from the urban renaissance of the early 2010s to the workforce housing push of the late 2010s, and the post-pandemic reshuffling of geographic demand. The only constant has been its continuous evolution.
In this briefing, we explore how multifamily growth has unfolded across the urban spectrum over the past 10 years — and why the space between suburban and urban markets deserves a closer look.
Blog
Why Track Record & Discipline Matter More Than Ever
With loan maturities looming, elevated financing costs, economic unpredictability, and surging renter demand—investors are pushing sponsors....
Strategic Outlook: Second Half of 2025
We continue to evaluate a robust pipeline of potential acquisitions. The market remains relatively stable, and while we’re active in making offers, we’re maintaining discipline—we are not stretching for deals that don’t pencil or drift toward negative leverage.
We’re optimistic that one or more high-quality investments will come to fruition in the back half of 2025—and as always, we’ll bring them to your attention as soon as the time is right.
You'll be among the first to hear about these opportunities as they take shape.
End-of-Summer Perspective
As kids head back to school and vacations wind down, we’re reminded that the multifamily game is measured in seasons, not weeks.
We continue to operate with a mindset of calm, long-term capital stewardship—focused not on reacting to noise, but on quietly building momentum.
We’re grateful to be on this journey with you, and we look forward to what lies ahead.
In Partnership,
Tyler & Bryan
