2015 Poised to Be Busiest Year Ever for Multifamily Sales via Multifamily Executive Magazine

As summer turns to fall, a lot of exhausted multifamily investment and finance professionals around the country are wondering whether the scalding apartment sector is hitting—or at least nearing—its cyclical peak.

And with good reason.

Effective rental rates in many markets have risen to unprecedented levels, gobbling up ever-higher proportions of resident incomes. Accordingly, properties are selling at average per-unit prices beyond previous historic highs amid arguably frenzied trading volume. And, thanks in part to ultra-cheap debt financing, the average capitalization rate recorded in major markets compressed to an all-time low earlier this year—with the yields in secondary and tertiary markets closing in on records as well.

Read more...2015 Poised to Be Busiest Year Ever for Multifamily Sales | Multifamily Executive Magazine | Capital Markets, Cap Rates, Finance, Construction Finance, Effective Rents, Transactions