Jim Costello, CRE, was quoted in an article for National Real Estate Investor on January, 2, 2018.
The piece, titled “Investors Expect 2018 to be Another Solid Year for Apartment Sales,” looks toward the 2018 multifamily housing market.
“Investors bought fewer apartment properties in 2017 than they had the year before—but 2016 was a record-breaking year for apartment sales. The total dollar volume of apartment sales in 2017 was still greater than the historical average. And with apartment properties still desirable and yields and interest rates still relatively attractive, 2018 seems poised to match it.
‘There is still a hunger for yield by investors,’ says Jim Costello, senior vice president for Real Capital Analytics (RCA). “I don’t see 2018 as being that much different.'”