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Welcome to Multifamily Talks – a property management podcast series featuring personal stories from Multifamily Industry insiders, their thoughts on the industry, and what they see on the horizon.

Episode 15: Brad Case/Middleburg Communities: The Importance of Skepticism

Dec 18, 2023
53 min

Aren’t we supposed to be in a recession? And whatever happened to the apartment rent inflation that was coming in 2023? Hear why Brad Case, an economist with a MS from Berkley and a Phd from Yale, thinks it’s smart to be skeptical, why 0% interest is a bad thing and where he thinks the bad bets will be made in 2024.

Arben Skivjani

Deputy Chief Economist and Director of Forecasting
RealPage, Inc.

Arben Skivjani serves as a Deputy Chief Economist and Data Scientist for RealPage, Inc. His primary focus is on forecasting and econometric modeling, economic impact studies, reporting and analysis of macroeconomic trends that affect the multifamily industry. Prior to joining RealPage, Arben worked for several government and private sector entities, including the District of Columbia Department of Employment Services, Center for Business and Economic Development at the University of Alabama and Camoin Associates in Upstate New York.

Arben is heavily involved in the Dallas/Fort Worth Association for Business Economics where he currently serves as Vice President and is a member the National Association for Business Economics.

Arben holds a master’s degree in economics from The University of Alabama.

Brad Case

Chief Economist
Middleburg Communities

Brad Case, PhD, CFA, CAIA is Chief Economist for Middleburg Communities, providing analytical support for C-level buy/sell/develop and market focus tactical decisions. Dr. Case has researched residential and non-residential real estate markets, domestically and globally, for more than 30 years.

Prior to Middleburg Communities he worked as an economist with Fannie Mae, Nareit, and the Federal Reserve Board. His research encompasses investment return characteristics including returns, volatilities, and correlations with other assets; accurate measurement of appreciation in property values; inflation protection; use of DCC-GARCH and Markov regime switching models to measure and predict investment characteristics; the length of the real estate market cycle; and the role of the investment horizon. He has a particular interest in the relationship between listed and unlisted real estate markets. Dr. Case holds patents as the co-inventor of the FTSE Nareit PureProperty® index methodology and the backward-forward trading contract, and has been a frequent speaker at real estate and investment conferences.

Dr. Case earned degrees from Williams College and the University of California at Berkeley and his Ph.D. in Economics at Yale University where he worked with Nobel prize-winning economist Robert Shiller.