The multifamily real estate market is entering a major transition. After years of aggressive growth, rising interest rates, tighter lending standards, and maturing debt are putting pressure on owners who purchased properties under very different market conditions. As some investors reach their “tap out” point, a new wave of opportunities may be emerging for disciplined buyers who have the capital, patience, and experience to recognize value when others are forced to sell.
In this episode of Build It to Billions, Brett Swarts sits down with Sam Morris, Partner at LSCRE, to explore what is happening across the multifamily market and why today’s challenges could create compelling buying opportunities. Sam shares insights from his experience in banking, multifamily acquisitions, asset management, and capital raising, while breaking down what investors should watch for when evaluating deals, managing risk, and positioning themselves for the next phase of the real estate cycle.
Episode Highlights Here:
Intro
Before we jump into this episode, I want to invite you to join our community to help you become a better steward, scale to billions, and ultimately give more or all of it away. All I want you to do is to click the subscribe button right now. I love your support. It’s incredible to see your comments, and we’re just getting started. I can’t wait to go on this journey with you. Thank you so much for subscribing. It means the world to me.
Brett
Welcome to the Build It to Billions podcast, where we guide successful entrepreneurs and investors on their journey from millions to billions. We believe the key to scaling and compounding your wealth in life starts every single day with the mindset and practice of stewardship over ownership and applying billionaire biblical principles. Our ultimate goal is help you scale and compound your wealth in life, so you can give more all of it away to help MVPs. My name is Brett Swarts. I’ll be your host today. Each and every episode, we’re joined by the world’s top entrepreneurs, millionaires, or billionaires, and they share their secrets, insights, and wisdom with us. We can all level up and make a bigger impact. We’re also streaming on Capital Gains Tax Solutions podcast and YouTube channels as well. So, if you highly appreciate it, sale: Bitcoin, business, real estate, stock, and you’re wanting to eliminate the need for the1031 exchange. Make sure to go to capitalgainstaxsolutions.com to get started on your plan. I’m excited about our next guest. He’s out of the great state of Texas, and he’s a partner at LSCRE, where he oversees acquisitions, asset management, and investor relations. With over20 years of experience in real estate, he has led acquisition and disposition deals over 600 million in multifamily transactions, and before joining, he was the CEO of Sunset Capital, where he built a strong track record of sourcing, executing high-performing investments, and so much more. He spent 18 years as a corporate banker, over a billion dollars in real estate and financing. He’s a pro at what he does. Please welcome the show with me, Mr. Sam Moore. Sam, how we doing?
Sam
Howdy, Brett. Man, glad to be here. Excited to just talk real estate today with you.
Brett
Yeah, grateful to have you as well. And for our listeners getting to you for the first time, would you give us a little bit more about your story and your current focus? Yeah,
Sam
yeah. So, I’ve actually I’ve been in real estate some form or fashion now for actually 25 years now, and I started as a corporate banker, as you said, and it was really interesting. My start was not what I thought it would be. All I did all day, every day in the banking world was underwrite deals. So, I just I did underwrite for just years in the banking world, thinking, man, this is just tough work. But I was cutting my teeth and learning how to lend money to these companies and on these real estate deals, and what that gave me, and what I didn’t realize, you know, you kind of have to fast forward years from that. Is wow, I had a good understanding of the numbers and the quantitative side of the business, and so I started investing in real estate in 2007 for the bigger apartment deals, and I really got into that business because I had years to actually understand it from an underwriting perspective and see how things work and who does what well and you know what you know if this then that and you were able to look at a lot of these deals strictly from the numbers side and it wasn’t until Iactually started investing the deals that I really learned a lot more on the qualitative side, and so you know that’s kind of fast forward. You know, doing hundreds of millions of dollars of deals between now and then, and you learn a lot along the way. And so, you know, I’m one of the older guys at our firm, and you know got a few gray hairs and battle scars to prove it. And you know that’s kind of where we’re at today.
Brett
Excellent, thank you, Sam. I want everyone. If anyone wants to get with Sam Morris and check out what he’s going, what he’s got going on, you go to lscre.com. That’s lscre.com. So, Sam, let’s dive right into the multifamily market. What is the number one secret to understanding the current state?
Outro
So, if you like this little, short clip of the interview I just did, click over here to watch the full interview, and please don’t forget to subscribe. Thanks, so much, everybody.
Watch the episode here:
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About Sam Morris
Sam Morris is a Partner at LSCRE, where he oversees acquisitions, asset management, and investor relations. With more than 20 years of real estate experience, Sam has led acquisition and disposition teams across more than $550 million in multifamily transactions. Before joining LSCRE, he served as CEO of Sunset Capital, which was acquired by LSCRE in 2025.
Prior to his real estate career, Sam spent 18 years in corporate banking and was involved in more than $1 billion in real estate financing. He also serves on the board of directors of Texas Traditions Bank. Combining his banking background with decades of multifamily investing experience, Sam brings a disciplined perspective to underwriting, acquisitions, capital raising, asset management, and navigating changing real estate market cycles.
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