Fueled by fears of a continued rise in inflation, investors are aggressively bidding up apartment prices.
Nationally, the average apartment cap rates stand at 5.1%, but that’s for closed transactions, according to John Chang, senior vice president and director of research services at Marcus & Millichap.
Read more...Investors Are Aggressively Bidding Up Apartment Prices As Housing Shortages Loom via GlobeSt
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