Despite concerns about potentially slowing economic growth and new rent control laws around the country, investors continue to go after apartment properties.
The volume of U.S. multifamily acquisitions in the first nine months of 2019 was higher than during any other comparable period since this expansion cycle began a decade ago. In fact, this year might set a record for multifamily sales volume, says Alexis Maltin, manager of analytics with New York City-based research firm Real Capital Analytics (RCA). Investors spent $130.6 billion on multifamily acquisitions in the first three quarters of 2019, according to RCA.
Read more...This Year Could Break a Record for Multifamily Sales Volume via NREI