Garrett Karam is the chief investment officer at Embrey, a 52-year old vertically integrated multifamily developer that specializes in the Sun Belt and Mountain West regions. At Embrey, Karam oversees a portfolio of 16,000 multifamily units and since joining the firm 12 years ago has secured more than $5 billion in development capital, primarily from institutional partners.
Karam sat down with Commercial Observer twice this summer to discuss his career, the state of the multifamily market today, where Treasury yields might go next, and why he’s bullish on real estate private credit.
This conversation has been edited for length and clarity.
Commercial Observer: How did you…







