Melanie French on Multifamily Market Shift: Distressed Assets Driving Growth and Revitalization
Melanie French on the Resurgence of Distressed Assets: A Fresh Opportunity for Growth
The multifamily real estate market is experiencing a notable uptick in distressed assets, creating both challenges and opportunities for investors, owners, and property managers. Melanie French, CEO of RR Living, recently shared her insights with Commercial Property Executive, emphasizing the positive impact of this trend.
“While it is not good for the former owners, these units returning to trading spur job growth through increased value-add renovations,” French stated. “I love seeing this influx returning as it freshens the look and longevity of those communities.”
As more distressed properties re-enter the market, investors are seizing the opportunity to revitalize these assets through strategic renovations, ultimately enhancing the appeal and sustainability of multifamily communities. French’s perspective highlights how market shifts can serve as a catalyst for economic activity, job creation, and neighborhood transformation.
With demand for quality housing remaining strong, the ability to turn distressed properties into thriving residential spaces will be a key driver of growth in the multifamily sector.
