Sep 17, 2026 · 43 min · 12 segments
Finding Opportunistic Opportunities with Dan Feldman Dan Feldman, President of Sunroad Enterprises, joins me to share lessons from the company's five decades of opportunistic investing and…
And so when you see today's market, you know, as we record, we're, gosh, can't believe we're now towards the end of 26.
And as we were talking before we started recording, you're well into four years of this, I don't know, what would you call it? Slowdown, malaise, higher interest rate environment, choppy transactional environment.
What are your thoughts of the overall market? How do you, where do you see opportunities?
You got to take a step back and say, how did we get here? And we talk a lot about this internally and what's happened.
Since the financial crisis of 2008, we've basically been an upwards trajectory for 14 years.
multifamily obviously had a hit in 2008, and depending on where you were, there were some markets that devastated, right? That really dropped by more than 50% of value.
And as supply comes into the market, rents start to drop down and you have this absorption and then rents kind of pick back up.
Well, we never had that drop down because right at kind of when rents would have started to kind of come down, which was 2019, 2020, COVID hit and then interest rates dropped and you had this other explosion.
So where are we now? And to your point, like where's the opportunity, right? It's really market by market and state by state.
You know, Phoenix, four or five years ago, couldn't get an institution to really look at it.
And within Phoenix, you have to say, I'm just picking on Phoenix because we have 11 assets there and I see a lot of ups and downs.
Within Phoenix, you have, you know, that Glendale corridor on the west side, which has an enormous amount of supply.
And so when you see today's market, you know, as we record, we're, gosh, can't believe we're now towards the end of 26.
And as we were talking before we started recording, you're well into four years of this, I don't know, what would you call it? Slowdown, malaise, higher interest rate environment, choppy transactional environment.
What are your thoughts of the overall market? How do you, where do you see opportunities?
You got to take a step back and say, how did we get here? And we talk a lot about this internally and what's happened.
Since the financial crisis of 2008, we've basically been an upwards trajectory for 14 years.
multifamily obviously had a hit in 2008, and depending on where you were, there were some markets that devastated, right? That really dropped by more than 50% of value.
And as supply comes into the market, rents start to drop down and you have this absorption and then rents kind of pick back up.
Well, we never had that drop down because right at kind of when rents would have started to kind of come down, which was 2019, 2020, COVID hit and then interest rates dropped and you had this other explosion.
So where are we now? And to your point, like where's the opportunity, right? It's really market by market and state by state.
You know, Phoenix, four or five years ago, couldn't get an institution to really look at it.
And within Phoenix, you have to say, I'm just picking on Phoenix because we have 11 assets there and I see a lot of ups and downs.
Within Phoenix, you have, you know, that Glendale corridor on the west side, which has an enormous amount of supply.
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