Buyers are beginning to ask for discounts and some deals fall through. But experts say the disturbance in the sector is based on “short-term uncertainty.”
Cap rates on suburban garden apartments fell below rates for mid-rise and high-rise multifamily properties during the second quarter, according to recent data from MSCI-Real Assets.
US zoning is unique in at least two ways. The first is single-family zoning. The second way that US zoning is unique is the complete orientation around the car.
Businesses ranging from Pfizer Inc. to Silvercup Studios will fund the Homeless Assistance Fund that will provide services to people living on the streets or experiencing mental illness.
Ortega’s holding firm Pontegadea has reached an accord to acquire the 64-floor luxury apartment complex for about $500 million. The building was sold by Carmel Partners.
Some buyers are trying to renegotiate prices, but a net result of recent moves could be a tightening in the spread between multifamily cap rates and yields on 10-year Treasuries.