What happens to multifamily real estate when the market resets — and where is smart capital moving next?
In this episode of the LSCRE Podcast, Craig McGrouther sits down with Ari Rastegar, Founder of Rastegar Capital, to break down real estate cycles, capital flows, and large-scale development across Texas.

Ari shares his journey from law to institutional real estate, and offers a candid look at:

How multifamily investing changes during a market reset

Why capital flows are shifting away from traditional office

The role of institutional investors vs accredited investors

Development timelines, zoning, and entitlements explained

Why underwriting discipline matters more than ever

Texas population growth, housing shortages, and long-term demand

Master-planned communities, industrial projects, and 3D-printed housing

How smart operators create value through cycles — not just bull markets

This conversation dives deep into multifamily development, investor alignment, and long-term wealth creation, with real examples from Austin, Dallas, and the I-35 corridor.

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