CashFlow Quest Episode 18
What Went Wrong with Floating Rate Debt In Multifamily?
In this episode of CashFlow Quest, hosts Blake Comfort and Jennifer Purcell are joined by Tide Eldridge and Ben Schuster to step back and examine how the multifamily real estate market fell into turmoil. They break down how the industry operated, why so many investors took on risk, and what seemed to make sense post-pandemic. Then, they dive into what went wrong, how floating rate debt, rising costs, and overly aggressive market bets led to a financial crisis that even seasoned operators didn’t see coming.
Tide Eldridge is a Partner & Chief Operating Officer at Comfort Communities.
Listeners can connect with Tide Eldridge on LinkedIn @TideEldridge
Benjamin Schuster leads Capital Formation and Investor Relations for Comfort Capital. Listeners can connect with Benjamin Schuster on LinkedIn @BenjaminSchuster
Blake Comfort
Blake Co-Founded Comfort Communities in 2008 and began working to acquire manufactured home communities in order to build the investment and management company that exists today. Comfort Communities first manufactured home community was purchased in 2009 and has continued to grow and purchase many more manufactured home communities ever since. Blake currently handles all the business development & acquisitions for Comfort Communities.