MF Investment Hits 12-Month High
ByNetwork with the nation’s top CRE dealmakers at RealShare APARTMENTS in Los Angeles on Oct 21-22,RealShare INDUSTRIAL in Atlanta on Nov 3-4, RealShare NEW LEASE WEST in Los Angeles on Nov 11-12 andRealShare HEALTHCARE REAL ESTATE in Scottsdale, AZ on Dec 2-3.
The Los Angeles/SoCal area saw the greatest dollar volume in the year’s first half, thanks to deals such as Essex Property Trust’s $200-million buy of 8th & Hope in L.A.
LOS ANGELES—It’s official: multifamily investment across the US has reached a new high. CBRE said Tuesday that volume for the sector reached $127 billion for the 12 months ended June 30, exceeding the previous peak of $100 billion attained during the year that ended June 30, 2006. It also represents growth of 36% over the 12-month period.
The past year’s deal flow continues a trend seen over the past several years. In the second quarter, investors ponied up $30 billion for apartment properties, a 35% gain from the year-ago period although a slight decline from Q1. Q2’s total represented 27% of the $110 billion invested in US commercial real estate during the quarter…
