Like all commercial real estate, the apartment market is vulnerable to a rise in interest rates. Cap rate spreads have fallen in the last few months to offset the gains in rates, but that cannot last forever, Ten-X’s senior quantitative strategist. Chris Muoio tells GlobeSt.com. As we previously reported, according to the firm’s March Commercial Real Estate Nowcast. the apartment sector posting a 1.2% gain in pricing during March—the strongest growth among any of the five CRE sectors.
We spoke with Muoio about the factors that make apartment investment so strong and whether or not the sector is iron-clad at this point.
Read more...What Could Throw Apts. Off Course? | GlobeSt.com
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