As we look back at the second quarter of 2026, the multifamily real estate market is showing clear signs of finding its footing.

Across BAM Capital’s core footprint, steady renter demand is beginning to outpace new supply, creating a healthy environment for disciplined property operations.

Here is a brief snapshot of how our key target markets are performing based on our latest data:

• Indiana: Renter demand continues to pull ahead of supply, with metro occupancy holding strong near 94%. Major economic drivers, like Eli Lilly’s $13 billion commitment to the LEAP Lebanon Innovation District, are reinforcing long-term growth corridors.
• Des Moines, Iowa: Supply pressures are actively easing as the development pipeline declines. Surging apartment absorption—nearly 70% above historical averages—is helping the market rebalance, stabilizing vacancy rates and reducing leasing concessions.
• Kansas City, Missouri: Market fundamentals remain highly consistent, with occupancy stable at approximately 94.9% and rents trending upward. Large-scale private projects, such as the planned $3 billion Royals ballpark district, continue to drive local economic activity.
• Northwest Arkansas: Rapid population growth (adding roughly 38 new residents per day) keeps housing demand exceptionally strong, with occupancy projected to approach 97% in 2026. Relative affordability in this market provides a durable foundation for resident retention.
• Pittsburgh, Pennsylvania: Pittsburgh stands out as one of our most supply-constrained markets, with inventory growth under 0.5% and vacancy projected to drop to 3.8%. Limited new supply means existing assets face significantly less competition.