Despite collapsed oil pricing, multifamily investors have not shied away from acquiring Houston apartment projects.
Last year’s volume of deals at about $3 billion was $500 million less than in 2014, but it was also $500 million higher than in 2013, according to CoStar data.
The average sale price per unit also has continued to climb from about $50,000/unit at the start of 2013 to about $110,000/unit at the end of last year.
And investors still seem to be targeting the energy dominant market this year.
Read more...In Contrarian Play, Multifamily Investors Still Taking a Chance on Houston - CoStar Group
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