Multifamily continues its real estate domination, but 2015 may be the year of even more transactions as more owners are ready to sell, says Marcus & Millichap’s National Multi Housing Group senior director Al Silva (here, with his wife, Erin, at the Golden Globe Awards in Beverly Hills). He gives us his take on why.
1. Profit making & loans coming due
There were a lot of CMBS transactions in the last market cycle, and many of those loans are coming due, Al says, which will help spur sales. As values have increased, many buyers from the past several years have seen their value-add realization and are ready to sell and take some profits. There are still more buyers than sellers by a large margin, but it’s getting a little more balanced, he says.
Read more...3 Reasons Multifamily May See More Sellers in 2015 - Multifamily
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