CF Capital

07/29/2026

Family offices are leaning further into private markets.

A recent survey found that 86% expect to increase real estate allocations over the next two years, while 93% plan to increase exposure to private debt.

As more private capital returns to real estate, we believe where you invest matters just as much as what you invest in.

That's why we remain focused on supply-disciplined Midwest markets like Indiana, Kentucky and Ohio, where long-term multifamily fundamentals continue to stand out.

Read more here: https://www.familywealthreport.com/article.php/Family-Offices-Take-On-More-Risk-In-Alternatives

# #𝐑𝐞𝐚𝐥𝐄𝐬𝐭𝐚𝐭𝐞𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠

07/17/2026

After several quieter years for real estate allocations, we're beginning to see renewed U.S. interest from global family offices.

A June article by Joe Marsh for PERE echoes this, with direct insight from J.P. Morgan Private Bank's Head of Alternative Investments for Asia Albert Yang on how their team is evaluating North American real estate compared to Asia-Pacific and European markets. The article notes several other institutions looking at real estate funds once again.

For us, the question isn't simply whether capital returns to multifamily—it's where. We continue to believe supply-disciplined Midwest markets such as Indiana, Kentucky and Ohio offer compelling long-term fundamentals, and will continue to win over investor attention.

As more private capital re-engages with real estate, geography and underwriting discipline may matter more than ever.

Read the PERE story here: https://www.pei-privaterealestate.com/equity/jpmorgan-private-bank-revisiting-a-lot-of-real-estate-managers/

07/01/2026

Family office decision-making is not immune to inflation concerns.

J.P. Morgan's 2026 Global Family Office Report found that family offices most concerned about inflation allocate nearly 60% of their portfolios to alternative investments—roughly one-third higher than average levels. Real estate allocations among those investors are also significantly higher.

That trend is consistent with broader sentiment among wealthy investors. The Knight Frank Wealth Report 2026 found that real estate remains one of the most widely held asset classes among ultra-high-net-worth investors, reflecting its role as both a wealth preservation and income-generating vehicle.

The appeal is understandable. In uncertain environments, the goal is not simply to own assets.

It's about owning assets with the potential to preserve purchasing power, generate durable cashflow and create value across multiple market cycles.

06/26/2026

The Midwest multifamily story right now isn't about hype - it's about discipline.

The latest issue of The Signal breaks down what we're seeing across our core markets - Louisville, Lexington, Indianapolis, Cincinnati, and Columbus - as Q2 closes out:

• 𝐃𝐞𝐚𝐥 𝐟𝐥𝐨𝐰 𝐢𝐬 𝐬𝐭𝐞𝐚𝐝𝐲, 𝐧𝐨𝐭 𝐬𝐮𝐫𝐠𝐢𝐧𝐠. In a higher-for-longer rate environment, the deals getting done are still largely driven by non-market forces - a maturity, a partnership issue, a fund timeline - not market timing.

• 𝐍𝐨 𝐒𝐮𝐧 𝐁𝐞𝐥𝐭 𝐡𝐚𝐧𝐠𝐨𝐯𝐞𝐫 𝐡𝐞𝐫𝐞. Our markets weren't priced on the assumption of explosive rent growth, so they're not being repriced on its absence. Stability that looked unexciting in 2021 looks like a real advantage in 2026.

• 𝐓𝐡𝐞 𝐦𝐚𝐭𝐮𝐫𝐢𝐭𝐲 𝐰𝐚𝐥𝐥 𝐢𝐬 𝐠𝐞𝐭𝐭𝐢𝐧𝐠 𝐡𝐞𝐚𝐯𝐢𝐞𝐫. The Fed held rates steady again in June. Owners who underwrote on the hope of rate relief are exposed; sponsors who underwrote to today's cost of capital aren't waiting on a rescue that may not come.

Read the full issue of The Signal here:

Welcome to the second issue of The Signal. June has been a month where the prevailing narrative got harder to hold. For most of this year, the consensus was that rates would ease and transaction activity would follow. That story is now being challenged in real time. Here's what's changed and how we'...

06/23/2026

Last week, Kevin Warsh oversaw his first meeting as Chair of the Federal Reserve. Check out a video below from our Co-Founder Tyler Chesser, CCIM on what was discussed and what it means for multifamily real estate investment.

06/18/2026

Our Co-Founder Tyler Chesser, CCIM recently gave analysis to Andrew Coen of the Commercial Observer on what the industry is watching for going into this week’s first fed meeting with new chair Kevin Warsh.

"We’ve built our strategy around the assumption that meaningful rate relief is not coming in 2026. That means underwriting conservatively on debt assumptions and prioritizing deals where in-place cash flow can carry the asset at current financing costs without depending on a refinancing tailwind that may not materialize."

Read the full story linked here:
https://hubs.la/Q04lRYff0

The first Federal Open Market Committee meeting under Warsh's leadership signaled a continued higher-for-longer environment.

06/10/2026

Multifamily investing rarely works over the long term if you place too much weight on the market's broad narrative. Success comes from evaluating the factors that remain important across market cycles—even if their relative importance changes over time. In a recent Q&A with Connect Commercial Real Estate, CF Capital's Alexander Terauds discusses why disciplined underwriting, market selection, asset quality and sponsor ex*****on continue to matter more than trying to predict the next headline. The conversation explores where Alex sees opportunity today, what investors may be overlooking and why discipline remains a competitive advantage. Read the full interview here: https://hubs.la/Q04kKCBf0

The multifamily sector has spent the last several years navigating shifting interest rates, changing migration patterns, elevated operating costs and uneven supply dynamics. In that environment, broad market narratives have often dominated investment conversations — whether around Sun Belt growth,...

06/05/2026

According to KPMG's latest Pulse of Private Equity report, global deal volume fell to a five-year low in Q1 2026, even as total deal value remained historically strong. Investors continue to deploy capital, but they are concentrating it into fewer, higher-conviction opportunities.

This dynamic is magnified in multifamily real estate investment.

There is plenty of supply on the market but the challenge is finding opportunities where the fundamentals, business plan and risk profile truly align. That's why we continue to focus on factors that tend to overperform regardless of cycle:
+Sustainable rent-to-income ratios
+Attractive basis relative to replacement cost
+Strong submarket demographics
+Limited future competitive supply
+Operators with a demonstrated ability to execute

When capital becomes more selective, broad market narratives matter less.

05/28/2026

In today’s environment, the conversation around alternatives is no longer about whether to allocate, but where and with whom. A new article linked here from CF Capital dives into how to separate shrewd operators from medial allocators, soliciting metrics for disciplined processes and red flags to watch for in a competitive investor environment.

We would welcome the opportunity to share our approach and perspective on the evolving market and opportunities ahead.

https://hubs.la/Q04jf2cJ0

In today’s environment, the conversation around alternatives is no longer about whether to allocate, but where and with whom. Multifamily rent growth is projected to reaccelerate to roughly 2–4% in 2026 as new supply declines sharply from its 2024 peak. Four years of market distress have wiped o...

05/19/2026

Our Co-Founder Tyler Chesser’s final segment on the Tenero Official Podcast is now live. The topic? “Location, location, location,” a common real estate phrase that Tyler notes can steer investors wrong.

The "best" market on a spreadsheet often isn't the best market for the strategy you're actually running. Population growth headlines and migration maps move a lot of capital, but they don't underwrite the deal in front of you.

Watch the full interview here:

Garrett Sutton and Katrina Loftin sit down with Tyler Chesser to break down one of the most critical factors in real estate success: location. In this conver...