Multifamily investment fundamentals remain strong both nationally and in most of the 13 major metro areas tracked by Freddie Mac in its quarterly Apartment Investment Market Index, although there are signs of moderation. Reflecting data for the first quarter, the latest AIMI shows the index up slightly—0.30%—to 107.4 from 107 in Q4 of 2015. However, Freddie says that on a year-over-year basis, AIMI continues to trend down, both nationally and in 12 out of the 13 metro areas it tracks, as property value growth exceeds NOI growth in a flat interest rate environment.
Read more...Freddie: Apartment Market Remains Strong | GlobeSt.com
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