Multi-Tenant Apartment Building Sales Drop 74%, The Most Since 2008 https://t.co/T0k0qaeMjZ
— zerohedge (@zerohedge) April 8, 2023
The recent drop in building sales follows a stretch of record-setting transactions that peaked in late 2021 when the multifamily sector was a top performer in commercial real estate. Cash-rich investors had a strong appetite for apartment buildings. Their top choices were in Sunbelt cities such as Dallas, Phoenix, and Tampa, Fla., where rental housing is largely unregulated and rents were rising 20% or more annually until last year. -WSJ
Green Street. Looks interesting. None of these apps are free anymore.
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