Torey Azure
From Macro to Micro: Making Sense of Economic Trends as a Multifamily Operator in Eastern Washington
If you’re a multifamily investor or operator in markets like Tri-Cities, Spokane, or elsewhere in Eastern Washington, chances are you’ve listened to podcasts or read reports on national real estate trends and wondered: “That sounds interesting… but what do I actually do with this info?”. Terms like macro-economic trends and micro-economic indicators get thrown around often. But what do they really mean…
Where the Big Players Are Moving in Q1 2026 When institutional capital shifts direction, it often signals a deeper current beneath the market’s surface. In Q1 2026, we’ve seen that movement begin to accelerate—and while some headlines focus on volatility or deal flow contraction, a more nuanced story is emerging. At Tamarack, we pay close…
This article written Q1, 2026 Cap rate compression has been a driving force in real estate for much of the past decade. But that era is over. Interest rates have reset. Risk tolerance has shifted. And buyers—especially institutional and seasoned sponsors—are underwriting more conservatively. Yet, we continue to see a disconnect: some sellers are still…
The market’s not easy to read—headlines are mixed, rates remain uncertain, and many asset classes are still resetting. But while uncertainty can be paralyzing, it can also be clarifying. Here’s how we’re thinking about capital allocation in 2026—and where we believe the smartest moves are being made right now. Stability First: Income You Can Count…
Multifamily continues to lead all asset classes in investment activity nationwide, and that’s not changing. Over the past few years, multifamily real estate has weathered higher rates, record construction, and nonstop uncertainty. According to Colliers’ 2026 CRE Outlook: Stability Through Uncertainty, that period is now giving way to something far more constructive. The big takeaway: the fundamentals…
For those that are new to syndicated deals or multifamily development. The “Sponsor” is the group putting the deal together. Tamarack Capital is a sponsor of multifamily investment deals. Our responsibility as that partner is putting the land under contract, underwriting, gaining entitlements, construction, lease up and obviously funding the project through a combination of…
Our team is deep in the mix across several multifamily opportunities in the Tri-Cities—and for the first time, we’re pursuing ground-up development alongside value-add acquisitions. Here’s a closer look at what we’re working on, what we passed on, and what we’re watching closely. New Territory: Class A Development We’re actively engaged in two early-phase development…
We live in a world that often celebrates speed, flash, and outsized ambition. In investing, that translates into IRRs that climb into the 20s, leverage ratios that feel risky even on paper, and deals built more on hype than fundamentals. At Tamarack, we take a different approach. One that might sound conservative—but is anything but…
Debt is one of the most powerful tools in real estate investing. It can magnify returns, improve cash flow, and accelerate wealth creation. But it can also increase risk—especially when the wrong debt structure is paired with the wrong market conditions. For passive investors evaluating real estate syndications or private deals, understanding how debt works…
Let’s start with the truth: Real estate investing can feel overwhelming. Everyone seems to have a different approach. Some are flipping houses. Others are buying rentals. Some are into short-term rentals, while others are going all-in on multifamily or syndications. The options are as varied as the goals. So how do you choose? At Tamarack,…