EliteAge Global Multifamily CRE Insights

August 2025 Edition

Theme: Capital Flows & Market Strategies in Global Multifamily Real Estate

1. Executive Brief

Global multifamily CRE remains one of the most resilient real estate asset classes in 2025, buoyed by demographic shifts, urbanization, and the institutional pivot toward rental housing. While interest rate stability in the U.S. and Europe is supporting valuations, Asia-Pacific is emerging as the fastest-growing hub for cross-border multifamily investment.

Key Signals This Quarter

Institutional Capital Surge: Global MFOs allocating higher proportions of their real estate portfolios to multifamily.
Yield Compression in Prime Markets: Investors shifting toward secondary cities with strong job growth.
Build-to-Rent (BTR) Momentum: Especially strong in Australia, UK, and select U.S. metros.
Cross-Border Partnerships: MFOs teaming with REITs and private equity funds for larger acquisitions.

2. Market Pulse – Global Snapshot

Region	Share of Global Multifamily CRE Investment (2025)	2025 YoY Growth
North America	52%	4%
Europe	28%	3%
Asia-Pacific	15%	8%
Middle East & Others	5%	6%

EliteAge Insight: Rental housing shortages in developed economies are keeping occupancy rates above 94% globally, underpinning rental income stability.

3. Deal Flow Highlights

North America: A record $1.6B all-cash transaction in the Sunbelt signals ongoing institutional confidence.
Europe: German multifamily portfolios attracting sovereign wealth interest post-ECB rate pause.
Asia-Pacific: Singaporean and Hong Kong family offices targeting Australian BTR developments.

4. Macro Drivers

Urban Population Growth: +1.2% annualized growth in major metropolitan regions.
Interest Rate Stability: Lower refinancing risks and revived acquisition pipelines.
Housing Affordability Gap: Sustained demand for rental housing in high-cost cities.

5. Asset Strategy Spotlight

Secondary Market Upside

U.S. markets like Charlotte, Nashville, and Tampa showing cap rate spreads 75–100 bps higher than gateway cities.
In Europe, regional UK cities and Spanish mid-sized metros emerging as yield-enhanced plays.

6. Technology in CRE

AI-Driven Valuation Models for faster deal underwriting.
Proptech Adoption: IoT-enabled building management for cost efficiency.
Data-Backed Tenant Screening improving occupancy stability.

7. In Numbers – Q2 2025

94% global multifamily occupancy rate.
$280B global multifamily CRE transaction volume YTD.
8% Asia-Pacific YoY growth in cross-border multifamily investments.

8. Outlook – Next 12 Months

Stronger capital rotation from office to multifamily within institutional portfolios.
More cross-border syndications led by MFOs and PE funds.
Rising focus on ESG-certified multifamily assets to attract sustainable capital pools.