Investment sales volume in the commercial real estate sector for 2016 fell about 11 percent year-over-year, but sources say the decline in transactions was skewed by a “gangbuster” 2015 marked by significant platform and portfolio sales.
Figures from real estate research firm Real Capital Analytics (RCA) show approximately $488.6 billion in 2016 transactions, with $366 billion of that figure flowing from single asset sales. Seeing a decline in portfolio and corporate-level activity, RCA Senior Vice President Jim Costello notes that “in 2016, people pulled back from making the biggest bets.”
Read more...2016 Marked a Decline in Investment Sales Volumes
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