Multifamily Investments Reached Record $184B Last Year
This year investors should not count on significant appreciation returns, but expect that income returns will remain steady.
January 27, 2020 | Erika Morphy | GlobeSt.com
US multifamily acquisitions rose by 4.4% last year to $184 billion—the highest volume since Real Capital Analytics began tracking the market in 2005, according to a report by CBRE.
Overall investment was largely driven by single-asset purchases—the best indicator for investment momentum, CBRE says—that reached $145 billion last year, up by 10.3% from 2018.
Portfolio investment activity, which is more volatile, offset some of those gains, inching up by only 0.4% from 2018. In addition, 1031 buyers, large institutional investors and emerging capital all drove pricing in 2019.
