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Whitepaper: Multifamily Real Estate in 2026

The 2026 multifamily market is defined by dispersion. Download the whitepaper for a closer look at demand drivers, supply dynamics, and where opportunity sits.
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Soren Godbersen
May 19, 2026
April 13, 2026
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Market Perspective

The multifamily market in 2026 is defined by dispersion. National rent growth looks modest, but underneath the headline, some regions are thriving while others are still absorbing a historic wave of new supply. For investors, that gap is where opportunity lives.

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The structural case for rental housing remains strong: the country is meaningfully underhoused, homeownership is out of reach for a growing share of Americans, and demographic tailwinds from Gen Z and aging boomers are reinforcing demand from both ends of the age spectrum. At the same time, tariffs and rising construction costs are constraining future supply in ways that could benefit owners of existing, well-located assets.

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But not all multifamily is created equal. Geography, product type, and operating capability matter, particularly in this moment.

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Our newest whitepaper breaks down why selective exposure to middle-market rental housing may offer a compelling risk-adjusted entry point today, and how Lightstone's platform is positioned to capitalize on this moment in the cycle. Download it below:

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Soren Godbersen

Soren Godbersen is Chief Growth Officer at Lightstone DIRECT, where he oversees investor experience, day-to-day operations, marketing, and strategic direction of the group. Previously Godbersen was Chief Growth Officer at EquityMultiple, a category-defining real estate investment platform for accredited investors where he led the Marketing and Investor Relations Teams, helping to grow the firm’s AUM to nearly $1B, and investor network to over 5,000 individual high-net-worth investors. Godbersen holds a Bachelor's of Arts in Economics with Honors from Whitman College.

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