Equity is playing an increasingly pivotal role in the multifamily capital stack as institutional groups partner on acquisitions and development, with an abundance of equity capital available. In this episode, Northmarq's Executive Vice Presidents Jeff Erxleben and Pat Minea are joined by Senior Vice Presidents Joel Heikenfeld and Jake Leibsohn to discuss new equity sources including life company programs and foreign capital. Investors continue to shift capital away from coastal and gateway markets and into Sun Belt states, seeking high-quality assets in high-growth secondary and tertiary markets like Phoenix and Dallas.