December 22, 2011
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…