“Multifamily” properties are residential real estate assets containing multiple separate housing units within one building or complex – for example, an apartment building, townhome community, or condominium development. These properties generate income through tenant rents across many units, which offers built-in diversification of cash flow: losing one tenant out of 50 has far less impact than a vacancy in a single-family rental. Multifamily real estate is often considered a resilient asset class; housing is a basic need, so demand remains relatively stable even during economic downturns. In fact, multifamily investments have shown recession-resistant qualities: during downturns or periods of tight housing affordability, rental demand can increase, and having multiple tenants means the property’s income is not reliant on any single lease. For high-net-worth investors, multifamily projects offer steady cash flows, the potential for appreciation, and attractive financing terms (as lenders view diversified rent rolls as less risky). Lightstone, which actively invests in multifamily developments and acquisitions, emphasizes such properties for their combination of income and growth – aligning with investors’ goals for stable, long-term returns supported by essential demand and prudent property management.