Multifamily Alert: Rent + Occupancy Dropped on 2,447 Assets
I’ve been tracking multifamily assets that show signs of trading before they hit the market—looking for distress, softening rents, or ownership fatigue.
Pulled some numbers from our June run:
-
16,892 properties flagged as likely to sell
-
6,529 had declining rents over the last 6 months
-
5,940 saw year-over-year occupancy drop
-
2,447 had both rent and occupancy falling—usually a sign of real stress or upcoming movement
Top cities with high signal volume:
-
Houston (669)
-
Dallas (418)
-
Austin (317)
-
San Antonio (297)
-
DC (246)
Some are long holds, but a surprising number are recent acquisitions under pressure—bridge maturity, tax flags, or just operators giving up on capex.
Not here to promote anything—just genuinely curious:
What early indicators are you using to spot deals before they’re listed?
Would love to trade ideas.
—Stash