EP#77 Moses Kagan & Rhett Bennett | Sub-Institutional Multifamily Update

EP#77 Moses Kagan & Rhett Bennett | Sub-Institutional Multifamily Update

March 26, 2026 · 57 min

About this episode

Jay Parsons discusses the sub-institutional multifamily market with guests Moses Kagan and Rhett Bennett, highlighting trends and investment opportunities.

Rental housing economist Jay Parsons covers a busy week of headlines related to apartments and single-family rentals — including another major apartment portfolio trade plus the latest on the proposed ban on institutional SFR investors. But the focus of this week's podcast is the sub-institutional multifamily. Small multifamily rarely gets the attention given to institutional multifamily, yet comprises a huge chunk of the nation's apartment market. Jay reviews the latest trends on sub-institutional multifamily fundamentals and capital markets, teeing up a conversation with Adaptive Realty's Moses Kagan and ReSeed Partners' Rhett Bennett. Jay, Moses and Rhett talk about opportunities within the sub-institutional market, and what the pair are looking for in their fund investing in sub-institutional operators across the country.

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