Ever wondered why some multifamily deals look great on paper but deliver disappointing returns? In many cases, it’s not the acquisition or operations — it’s a poorly planned exit.

In this episode, John Makarewicz explains how experienced multifamily operators plan exits before they buy. He shares the frameworks Faris Capital Partners uses to identify the future buyer and protect investor returns through market cycles. He discusses how smart operators decide when to sell, refinance, or hold—and why exit discipline is often the difference between good and great returns.

What You’ll Learn:

✔ Why most returns are decided long before a deal hits the market

✔ How smart operators think about exits from day one

✔ The main exit paths in multifamily syndications

✔ When selling beats refinancing — and when it doesn ...