Commercial real estate investors spent $53 billion on U.S. multifamily assets in the second quarter, setting a record, reports Real Capital Analytics.
Technology-enabled apartment features are among the most sought-after amenities among this renter group.
The moratorium will apply to counties with high rates of coronavirus infections and last until Oct. 3.
Data from Real Capital Analytics showed some major reshuffling among the U.S. markets multifamily investors poured money into during the first half of the year.
Many Sun Belt cities like Dallas were already growing quickly before the pandemic and are expected to continue to prosper.
The National Apartment Association filed a lawsuit Tuesday at the U.S. Court of Federal Claims in Washington.
The nation’s gateway cities are still seeing quite a high share of move-ins, according to data from TaskRabbit.
Landis Technologies caters to would-be homeowners who can’t afford to buy by purchases houses and renting them out until the renters qualify for a mortgage.
An apartment property in Denver recently traded for more than $400 million with a cap rate below 4 percent.
