In this episode of the LSCRE Podcast, Craig McGrouther sits down with Director of Acquisitions Brad Oliver to break down what really happened at NMHC, how 2025 unfolded, and where multifamily opportunities are forming in 2026.

They discuss:

Why Houston is leading the recovery

Why Dallas remains selective

Why markets like Austin, San Antonio, and Phoenix are still working through oversupply

Why foreclosure and distress don’t automatically equal opportunity

How risk-adjusted returns matter more than deal volume

Why LSCRE only closed two deals in 2025

What types of deals lenders are finally forcing to market

And why Preserve at Copper Springs stands out as a rare, high-conviction acquisition

This conversation pulls back the curtain on how institutional operators think about:
✔ Market cycles
✔ Supply & demand
✔ Deal liquidity
✔ Underwriting discipline
✔ Downside protection

If you’re a passive investor, 1031 exchanger, or multifamily operator, this episode explains why patience, discipline, and location selection matter more than ever heading into 2026.

Learn more about LSCRE:
www.lscre.com