The multifamily sector has spent the last few years ridingout a supply glut, softening demand, and rising regulatory scrutiny — yet pricing hasn't fully caught up with reality. This episode of the Front & Center podcast takes a closer look at what's really happening in rental housing.

Senior Investment Strategist and Global Head of Sustainability Uma Moriarity is joined by Rob Holuba, Co-Chief Investment Officer at CenterSquare, to unpack why transaction volume is down, why regulatory risk is becoming a bigger factor than many investors are pricing in, and where the best risk-adjusted opportunities still exist. Uma and Rob discuss why they believe it's a "grind to '29" for the sector, how CenterSquare is finding value through preferred equity structures, and what would need to change before it's time to take on equity risk in multifamily again.

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