Live From BEC - Special Episode W/ Jeremy, Nick and Jason

Feb 26

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Episode Description

Welcome to the On The Rise Podcast! In this special live episode, Nick Stromwall hosts from the Best Ever Conference in Salt Lake City, joined by Jeremy Dyer and Jason Kish of Rise48 Equity. The team breaks down where they believe we are in the multifamily market cycle, how operators are navigating organic versus forced rent growth, and what investors should be watching in 2026 and beyond. They also share behind the scenes insights on networking, capital formation, and building durable investor relationships in a shifting market. If you want a real time pulse on the conference floor and the future of multifamily, this episode delivers.

Summary

1. “Real estate is cyclical.”
Jeremy explains how the 2021 to 2022 peak gave way to a trough and why current fundamentals suggest normalization is underway.

2. “The supply picture is falling off a cliff.”
Jason outlines how new development is slowing dramatically, setting up potential tailwinds for future rent growth.

3. “Organic vs forced rent growth.”
Organic growth comes from inflation and supply demand shifts, while forced appreciation is driven by renovations, operational upgrades, and smart value add strategies.

4. “There are more levers than just renovations.”
From bulk cable packages to carports, tax abatements, and expense efficiencies, increasing NOI requires operational precision.

5. “This feels like a buyer’s market.”
The team discusses why conviction is strongest when acquisitions happen at lower basis points in down cycles.

6. “Relationships are the real ROI.”
Conferences are less about stage presentations and more about one on one conversations, dinners, and long term partnerships.

7. “Durability matters.”
Health, discipline, and long term thinking are themes shaping both operators and investors this cycle.

8. “Success is bigger than IRR.”
The conversation expands beyond returns to tenant impact, community influence, and redefining what operator success truly means.