Apartment deal volume reached record levels last year, with 3% year-over-year (YOY) sales growth for 2016 on a volume of $158.4 billion nationwide, according to the year-end U.S. Capital Trends Apartment Report from real estate data firm Real Capital Analytics (RCA). The apartment sector was the only major property sector to post positive growth last year, and prices are still rising, with a projected 12% YOY growth in the preliminary run of the Moody’s/RCA Commercial Property Price Index.
Read more...RCA: 2016 a Record-Breaking Year for Apartment Deal Volume | Multifamily Executive Magazine
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