Financial benchmarks in most areas of real estate remain below pre-recession highs, but the apartment industry is one exception to the rule. Apartment sales volumes are back to peak levels. Prices have jumped to all-time highs. Cap rates have dropped to long-time lows. And with demand high and funds uniquely accessible, apartment construction has surged to the highest levels since the 1980s.
The boom has hardly gone unnoticed. Nor is it necessarily unjustified – given that apartment fundamentals are at historically strong levels due to a confluence of robust tailwinds.
Read more...The Banks are Back: Commercial Banks Now Biggest Lenders in Multifamily | Property Management Insider
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