Month: February 2026

Welcome to our 2026 annual letter. Having a positive and deep Calvera investor relationship is our primary goal. The annual Calvera annual letters are an important part of this. 2025 was a lot like 2024, but we’ll outline the continued challenges, new surprises, and our thoughts for 2026 in this letter.

(NMHC) National Multi recap on multifamily real estate: capital is available, but confidence remains cautious. Insights on distress, rent growth, debt markets, and where economists see opportunity…