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Tariffs and Towers: How U.S. Trade Policy is Reshaping Multifamily Real Estate

Tariffs are no longer just a trade headline — they’re reshaping U.S. multifamily commercial real estate. Rising costs of steel, aluminum, and other construction inputs are squeezing project budgets, widening refi gaps, and altering investor return profiles. Developers face tighter margins, while investors are rethinking risk, rent growth, and capital allocation. At EliteAge, we analyze how these shifts create both headwinds and opportunities across regions and portfolios.


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