Liquidity Shortage - LP/JV Equity on Ground Up MF
Is anyone else seeing an unprecedented lack of capital in this space? I still see some deals able to pencil out (primarily due to aggressive tax abatements, grants, etc.), but getting every excuse as to why no one is touching M.F. deals (especially dev and deal size under $50 million). Does anyone else feel like there is an opportunity to invest in this space because of the capital out there and the ability to stretch terms?