The Real Deal’s August 2023 issue is live! 

The Real Deal’s August 2023 issue is live online, and hitting doorsteps soon.

Our cover story this month takes a look at one of the biggest challenges facing the industry as multifamily syndicators — who’ve been real estate’s Cinderella story for the last few years — hit a learning curve. 

Rise48, led by 27-year-old Zach Haptonstall, and Tides Equities, helmed by Sean Kia and Ryan Andrade, are among the firms who’ve grown massive portfolios in recent years, with many deals financed by lender MF1. Now, the industry’s preferred lender has nearly half of its loans on watchlists or already delinquent, Isabella Farr and Suzannah Cavanaugh report. 

Multifamily isn’t the only sector under stress: the office market has seen defaults and dropping valuations. But some savvy operators know how to keep the narrative on their side. Check out Farr and Keith Larsen’s deep dive into mega-company Brookfield’s financial reporting. 

Meanwhile in LA, Joe Lovinger lays out the true crime tale behind developer Arthur Aslananian is facing years behind bars for his part in a murder-for-hire scheme. 

In our Hamptons section, the market’s uncertainties are pushing top Hamptons brokers “back to basics.” We ranked the top brokers and brokerages Out East, and took a look at the North Fork’s plan to tamp down on short-term rentals. 

Also in the issue:

• Ranking NYC’s top architects
• Inside the distress on Chicago’s Jackson Boulevard
• The Closing with legendary luxury broker and ONE Sotheby’s founder Mayi de la Vega
• What the Bulgari Hotel blow-up says about LA development
• Why top resi execs took pay cuts last year
• How South Florida developers are trying–and sometimes failing–to put together condo buyouts

…and more! Read the latest issue here.