Excerpt from article: Apartments have been a preferred property buy of late, thanks in no small part to a recent surge in value-add deals
- A total of $159 billion in U.S. multifamily property sales closed in 2015, just eclipsing the $156 billion for sales of office properties
- Searching on the term “Value Add”… results tally $4.4 billion of such deals in 2014, which jumped to $10.2 billion in 2015 – a 132% increase. Such sales in the first quarter of this year are running four times ahead of the first quarter of 2014 and are 16% higher than for the same period of last year
- The average price in 2014 started at about $89,000/unit and has jumped to about $135,000/unit at the end of March 2016, a 52% increase
Citation and Link: Heschmeyer, Mark. “Value-Add Investing Keeping Apartment Sales Rising This Year.” CoStar News. 20 Apr. 2016. Web. 25 Apr. 2016.
Picture Citation and Link: Carless, Will. “Building Taj Mahals With Taxpayer Money.” Voices of San Diego. 21 Jul. 2011. Web. 25 Apr. 2016.