How should individual accredited investors approach private-market real estate investing in 2026? In a market with higher potential inflation and volatility, multifamily is once again in focus. The multifamily opportunity in 2026 is best understood not as a broad call to apartments, but as a selective thesis built on pronounced dispersion across geographies, product types, and strategies. For one, high mortgage interest rates and other factors have caused renting to be the more realistic housing option for many; CBRE reports a 105% monthly premium to buy versus rent, showing the renter pool continues to expand. At the same time, the development cycle is cooling: per NAHB, multifamily starts are expected to fall to 392,000 units in 2026 and 367,000 in 2027, after completions reached a 38-year high of 608,000 units in 2024.…