Industry briefs for landlords

Latest news.

Tax law changes, market shifts, regulatory updates — the news that actually moves your decisions, summarized for the independent landlord.

Tax & Policy

IRS Confirms 1031 Exchange Rules Remain Intact Through 2026

Treasury statement reaffirms current §1031 framework — no changes to like-kind treatment, 45/180-day windows, or basis carryover for the 2026 tax year.

Source: U.S. Treasury
Market Trends

Multifamily Cap Rates Compress 30 bps in Q1 as Rate Cut Expectations Strengthen

Class-A apartment cap rates fell to 5.1% nationally in Q1 2026 — the first compression since 2022 — as buyers price in expected Fed cuts.

Source: CBRE Research
DST & Funds

DST Volume Hits Record $1.2B in Q1 as 1031 Demand Rebounds

Delaware Statutory Trust equity placements set a new quarterly record, driven by a wave of high-basis multifamily and industrial exchangers.

Source: Mountain Dell Consulting
Tax & Policy

Bonus Depreciation Phase-Down: 60% Through 2026, 40% in 2027

Cost segregation studies remain attractive but the year-one shield is shrinking. Here's what the bonus depreciation phase-down means for property owners this year.

Source: Landlords.com Editorial
Asset Classes

Credit-Tenant NNN Demand Heats Up as Investors Chase Yield Plus Stability

Single-tenant NNN deals with investment-grade tenants are trading at 6.0–6.5% caps — a 50 bps premium over multifamily for similar duration.

Source: Marcus & Millichap
Tax & Policy

Senate Bipartisan Bill Would Extend Opportunity Zone Designations Through 2030

Proposed legislation would extend the OZ deferral deadline and re-designate underutilized zones — relevant for landlords sitting on large gains.

Source: Senate Finance Committee
Market Trends

Sun Belt Rent Growth Cools to 2.1% as Supply Catches Demand

Austin, Phoenix, and Charlotte are seeing the slowest rent growth since 2020 as 2022's apartment construction boom delivers units.

Source: RealPage Market Analytics
Macro & Rates

Fed Signals Two Cuts by Year-End — What It Means for CRE

FOMC statement raises probability of 50 bps of cuts before December. Cap-rate compression and refinance opportunities for landlords.

Source: Federal Reserve
Asset Classes

Industrial Vacancy Stabilizes After 18 Months of Increases

Q1 2026 industrial vacancy held at 6.8% nationally — the first non-rising quarter since 2023. Last-mile logistics remains tightest.

Source: Cushman & Wakefield
Market Trends

Tax-Friendly Snowbird States Gain Investor Capital in 2026

Florida and Texas continue to attract out-of-state landlord capital, driven by zero state income tax on the rental income side.

Source: Landlords.com Editorial
DST & Funds

SEC Updates DST Disclosure Guidance — More Transparency for Investors

Regulator issues new staff guidance on Reg D Private Placement Memorandum standards for DST offerings. Better risk disclosure ahead.

Source: SEC Division of Corporation Finance
Financing

Interest Rate Cap Strategies Gain Traction Among Mid-Sized Owners

Owners with floating-rate bridge debt are increasingly using SOFR caps as a hedge. Premium costs have come down 35% in 12 months.

Source: Chatham Financial