Apartment Investing Activity Picking Up
A flurry of recent apartment transactions and positive reports from the trenches by apartment owners is leading multifamily experts to say the sector is finally showing signs of improvement.
“The attitude towards multifamily has completely changed in the past year,” said Dave Doupé, managing director of Jones Lang LaSalle’s West Coast Capital Markets team. “Financing from Freddie Mac and Fannie Mae has certainly bolstered the viability of this sector, but we’re also seeing buyers and sellers begin to come closer to a common ground on pricing discovery in the multifamily product category.” Read the full story
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