Avenue Living Asset Management is gaining a U.S. beachhead by targeting apartment buildings in small cities such as Cincinnati, Ohio and Kansas City, Kansas.
Average asking rents reached a new all-time high last month, according to Yardi Matrix. But the growth might be slowing down.
Tenants paid a median of $3,644 on new leases signed in March, the most in three decades of data-keeping by Miller Samuel and Douglas Elliman.
Skyrocketing rents are continuing to drive interest from investors of all types towards multifamily properties across the country.