Bisnow | Apartment Sales Soared 22% In 2024. The Good Times Could Keep Rolling

Jan 31, 2025

Deal volume in 2024 was up 22% over 2023, fueled by large transactions like Blackstone’s $10B acquisition of Apartment Income REIT Corp. in June, Multifamily Dive reported using MSCI Real Assets data.

Another significant transaction was Equity Residential agreeing in August to buy 11 multifamily properties from Blackstone for nearly $1B. Portfolio and entity-level deal volume increased 54% to $35B in 2024, with a 261% surge to $7.9B in the fourth quarter, according to the data. The largest portfolio trade in Q4 was affordable housing developer Standard Communities’ $1B acquisition of 6,000 multifamily units across four states.

Source: Apartment Sales Soared 22% In 2024. The Good Times Could Keep Rolling

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