The apartment transaction market fell 30% year over year (YOY) in July, according to a new Real Capital Analytics (RCA) report. But a 33% increase in June means sales are still up 1% YOY for the summer so far.
“The monthly declines in sales volume for the apartment sector were widespread, with all subtypes and deal structures down from a year earlier,” RCA wrote. “This said, the elevated pace of deal activity in June almost suggests acquisitions aimed at hitting midyear goals, with July as a time to pull back and regroup.”
Read more...Apartment Transactions Fall 30% in July | Multifamily Executive Magazine | Dispositions and Transactions, Sales, Cap Rates, Transactions