Investors place hopes and money in multifamily housing

December 22, 2011

6634332-real-estate-news-conceptThere’s no place like home, especially when it delivers a quality return on investment.

While much of the housing market continued to depreciate in 2011 – Freddie Mac reported that American households lost nearly $400 billion in property value during the first nine months of the year – apartment buildings emerged as a strong arena for investment dollars.

“Multifamily has seen a very vibrant year in 2011,” said Beth DuPont, principal broker at Portland-based real estate investment advisory firm Winkler & DuPont. “We’re definitely seeing a healthy increase in transactions and sales volume.”

According to Portland State University’s Center for Real Estate, sales from multifamily transactions are on track this year to approach the pre-recessionary levels of approximately $800 million per year – a substantial…  Read more…

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