National Real Estate Investor (NREI) reports: While transaction volumes for U.S. multifamily properties continue to be high and rising, apartment properties are not seeing the same trend in their price values, a phenomenon that has caused REITs to trade apartment properties as part of larger portfolios or through mergers. Sales of individual apartment properties fell in 2013, dropping 13% in Q4’13, according to data from global commercial research firm Real Capital Analytics (RCA).
“I think you’re going to see them becoming more neutral or even becoming net sellers,” says Dan Fasulo, Managing Director at RCA.
Read more...Transaction Volume of Multifamily Properties are Rising, Apartment Sales Falling | Real Capital Analytics
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