Housing trends are driving continuing interest in multifamily properties among investors, according to a 2012 outlook study by Jones Lang LaSalle and RealShare. More than 150 private investors, real estate brokers, developers, REITs, and institutional investors participated in the survey. Core assets in primary coastal markets are getting the most attention, but buyers are also looking for value-add deals and facing increased competition from foreign investors, the study found.
Investors are most likely to invest in Dallas, Los Angeles, San Francisco, San Diego, and Phoenix in 2012. Bumped from the list were 2010 heavyweights New York City and Washington, D.C. Divestitures in 2012 are most likely to occur in Las Vegas, Los Angeles, Washington, D.C., Atlanta, Houstin, and Phoenix, investors say.
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