CF Capital

10/23/2026

The strongest investment opportunities often emerge when asset values have reset, competition has retreated and long-term fundamentals remain resilient.

The October edition of The Signal examines the latest multifamily market data, from development pipelines and rent growth to capital deployment, and why these dynamics may be creating attractive entry points for investors with a long-term horizon.

Read our analysis here: https://www.cfcapllc.com/the-signal-october-2026/

10/05/2026

What drives CF Capital Co-Founder & Managing Partner Tyler Chesser, CCIM?

In his Louisville Business First Forty Under 40 profile, Tyler shares more about his path from the corporate world to entrepreneurship and real estate, along with the values that continue to shape his approach to leadership.

From building meaningful relationships with investors and partners to improving properties and creating an impact in the communities where CF Capital invests, the profile offers a look at the priorities behind Tyler’s work — and a few things you may not know about him outside the office.

Read the full profile here:
https://www.bizjournals.com/louisville/c/get-to-know-our-40-under-40-class-of-2026/48082/40-under-40-tyler-chesser.html

09/21/2026

At CF Capital, we approach underwriting as an exercise in capital preservation before return generation. We believe resilient returns are built long before closing and that underwriting is the product.

As capital returns to multifamily and competition increases, discipline matters more than ever.

Read our latest insights on why protecting capital and creating durable returns starts with the assumptions made on day one.
https://www.cfcapllc.com/resilient-returns-and-why-underwriting-is-the-product/

07/29/2026

Family offices are leaning further into private markets.

A recent survey found that 86% expect to increase real estate allocations over the next two years, while 93% plan to increase exposure to private debt.

As more private capital returns to real estate, we believe where you invest matters just as much as what you invest in.

That's why we remain focused on supply-disciplined Midwest markets like Indiana, Kentucky and Ohio, where long-term multifamily fundamentals continue to stand out.

Read more here: https://www.familywealthreport.com/article.php/Family-Offices-Take-On-More-Risk-In-Alternatives

# #𝐑𝐞𝐚𝐥𝐄𝐬𝐭𝐚𝐭𝐞𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠

07/17/2026

After several quieter years for real estate allocations, we're beginning to see renewed U.S. interest from global family offices.

A June article by Joe Marsh for PERE echoes this, with direct insight from J.P. Morgan Private Bank's Head of Alternative Investments for Asia Albert Yang on how their team is evaluating North American real estate compared to Asia-Pacific and European markets. The article notes several other institutions looking at real estate funds once again.

For us, the question isn't simply whether capital returns to multifamily—it's where. We continue to believe supply-disciplined Midwest markets such as Indiana, Kentucky and Ohio offer compelling long-term fundamentals, and will continue to win over investor attention.

As more private capital re-engages with real estate, geography and underwriting discipline may matter more than ever.

Read the PERE story here: https://www.pei-privaterealestate.com/equity/jpmorgan-private-bank-revisiting-a-lot-of-real-estate-managers/

07/01/2026

Family office decision-making is not immune to inflation concerns.

J.P. Morgan's 2026 Global Family Office Report found that family offices most concerned about inflation allocate nearly 60% of their portfolios to alternative investments—roughly one-third higher than average levels. Real estate allocations among those investors are also significantly higher.

That trend is consistent with broader sentiment among wealthy investors. The Knight Frank Wealth Report 2026 found that real estate remains one of the most widely held asset classes among ultra-high-net-worth investors, reflecting its role as both a wealth preservation and income-generating vehicle.

The appeal is understandable. In uncertain environments, the goal is not simply to own assets.

It's about owning assets with the potential to preserve purchasing power, generate durable cashflow and create value across multiple market cycles.

06/26/2026

The Midwest multifamily story right now isn't about hype - it's about discipline.

The latest issue of The Signal breaks down what we're seeing across our core markets - Louisville, Lexington, Indianapolis, Cincinnati, and Columbus - as Q2 closes out:

• 𝐃𝐞𝐚𝐥 𝐟𝐥𝐨𝐰 𝐢𝐬 𝐬𝐭𝐞𝐚𝐝𝐲, 𝐧𝐨𝐭 𝐬𝐮𝐫𝐠𝐢𝐧𝐠. In a higher-for-longer rate environment, the deals getting done are still largely driven by non-market forces - a maturity, a partnership issue, a fund timeline - not market timing.

• 𝐍𝐨 𝐒𝐮𝐧 𝐁𝐞𝐥𝐭 𝐡𝐚𝐧𝐠𝐨𝐯𝐞𝐫 𝐡𝐞𝐫𝐞. Our markets weren't priced on the assumption of explosive rent growth, so they're not being repriced on its absence. Stability that looked unexciting in 2021 looks like a real advantage in 2026.

• 𝐓𝐡𝐞 𝐦𝐚𝐭𝐮𝐫𝐢𝐭𝐲 𝐰𝐚𝐥𝐥 𝐢𝐬 𝐠𝐞𝐭𝐭𝐢𝐧𝐠 𝐡𝐞𝐚𝐯𝐢𝐞𝐫. The Fed held rates steady again in June. Owners who underwrote on the hope of rate relief are exposed; sponsors who underwrote to today's cost of capital aren't waiting on a rescue that may not come.

Read the full issue of The Signal here:

Welcome to the second issue of The Signal. June has been a month where the prevailing narrative got harder to hold. For most of this year, the consensus was that rates would ease and transaction activity would follow. That story is now being challenged in real time. Here's what's changed and how we'...

06/23/2026

Last week, Kevin Warsh oversaw his first meeting as Chair of the Federal Reserve. Check out a video below from our Co-Founder Tyler Chesser, CCIM on what was discussed and what it means for multifamily real estate investment.

06/18/2026

Our Co-Founder Tyler Chesser, CCIM recently gave analysis to Andrew Coen of the Commercial Observer on what the industry is watching for going into this week’s first fed meeting with new chair Kevin Warsh.

"We’ve built our strategy around the assumption that meaningful rate relief is not coming in 2026. That means underwriting conservatively on debt assumptions and prioritizing deals where in-place cash flow can carry the asset at current financing costs without depending on a refinancing tailwind that may not materialize."

Read the full story linked here:
https://hubs.la/Q04lRYff0

The first Federal Open Market Committee meeting under Warsh's leadership signaled a continued higher-for-longer environment.

06/10/2026

Multifamily investing rarely works over the long term if you place too much weight on the market's broad narrative. Success comes from evaluating the factors that remain important across market cycles—even if their relative importance changes over time. In a recent Q&A with Connect Commercial Real Estate, CF Capital's Alexander Terauds discusses why disciplined underwriting, market selection, asset quality and sponsor ex*****on continue to matter more than trying to predict the next headline. The conversation explores where Alex sees opportunity today, what investors may be overlooking and why discipline remains a competitive advantage. Read the full interview here: https://hubs.la/Q04kKCBf0

The multifamily sector has spent the last several years navigating shifting interest rates, changing migration patterns, elevated operating costs and uneven supply dynamics. In that environment, broad market narratives have often dominated investment conversations — whether around Sun Belt growth,...