3Q26 Commercial Multifamily Outlook: Dusting off the early 2000s playbook for real estate investors.
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With risk premiums rising, NOI, cash flow, and operational execution become the focus of active management. Whether you’re allocating to real estate, private credit, or diversified alternatives, the macro backdrop affecting multifamily investment performance probably has lessons for your portfolio.
Speakers
Dags Chen
Head of Institutional Research and Strategy at Marcus & Millichap IPA
Dags Chen is Head of Institutional Research and Strategy at Marcus & Millichap IPA, where he leads research and analytics across a broad range of property types, including alternative sectors. With 20 years of experience analyzing the intersection of the economy, property fundamentals, and real estate capital markets, he has held roles at leading real estate investment management firms and served as a voting member of both equity and debt investment committees.
At IPA, Dags draws on the platform’s deep, granular transaction data to deliver actionable insights and thought leadership to IPA advisors and institutional clients. He serves on the Board of Directors of the UConn Real Estate Center and the Advisory Council of the Real Estate Research Institute.
Dags holds a BA with honors from Wesleyan University and an MBA from the University of Connecticut and is a CFA charterholder.
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