Some of the nation’s largest apartment owners are buying properties again.
Strong multifamily demand fundamentals and a slowdown in construction starts has sparked enthusiasm for the industry’s trajectory over the previous quarter. That positive sentiment has driven up transaction volume on a quarterly basis for the first time in a year.
Transaction volume topped $23 billion in the second quarter, according to CoStar data. Though that level is still below long-run historical averages, it still represents a 40% increase from the roughly $16.4 billion recorded in the first quarter of this year.
Source: News | Major Apartment Owners Return to Buying As Renter Demand Rises
