Overall deal volume was up 74% year-over-year and well over the average set across each July since 2005, according to Real Capital Analytics data, with apartment sales constituting 35% of all investment. Apartment pricing also gained the most ground last month, with prices of assets up 13.5% year-over-year.
Multifamily investment volume has skyrocketed this year, netting a 34% quarter-over quarter increase, according to CBRE. In response, cap rates have decreased, and some bidders are aggressively pushing up pricing as inflation fears persist.
Read more...Led By Multifamily, CRE Deal Volume Skyrockets 74% in July via GlobeSt
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