Due Diligence Done Wrong | What's Actually Killing Deals

Most operators are still using 2021 underwriting models to justify 2025 deals. The result? Properties that can't refinance, can't sell, and drain cash for years.

REITs have underperformed the S&P 500 by nearly 50% since 2022, but core property fundamentals remain strong across multifamily, industrial, and retail sectors. With public REITs trading at steep NAV discounts and private owners facing variable-rate debt pressure, distressed acquisition opportunities are emerging nationwide. For well-capitalized private investors, this market dislocation offers a rare chance to secure high-quality assets at discounted prices. Virginia multifamily remains especially attractive as supply slows and rent growth stabilizes.