With more than two decades of major league baseball experience, Alex Rodriguez has become a successful businessman. Recently, he teamed up with Walker & Dunlop Chairman and CEO Willy Walker at a Monument Capital conference in Florida for an engaging conversation about sports, business and real estate. During the 45-minute meetup, Rodriguez interviewed Walker on the Federal Reserve’s decision to continue increasing Effective Federal Fund Rates despite some bank failures such as Silicon Valley Bank and Signature Bank.
The two discussed strategies for success in multifamily investments which included discipline and focusing on one or two areas rather than “scale” as Rodriguez put it: “We do apartments; we do it better than anybody; it’s the only thing we do.” The singular focus has allowed Monument Capital to remain strong even amidst economic volatility.
Walker also highlighted how agency financing is available to back many deals which makes multifamily attractive even when buying with negative leverage due to low inventory of starter homes preventing renters from leaving their current dwellings. He noted that clients are seeing opportunity ahead within 2 years because there will be no new supply due to banking crisis while Fed hikes keep single-family inventory low thus preventing more multifamily construction going northward .
