Apartment
Multifamily investors have yield in the crosshairs.
by Rich Rosfelder
Apartment investors are on the hunt. And they're moving beyond trophy properties into unfamiliar territory in hopes of a rare catch.
In 1H2012, secondary markets posted a
38 percent year-over-year increase in mul- tifamily transaction volume, followed by tertiary markets at 23 percent, according to Real Capital Analytics. Major metros saw only a 9 percent increase during that period. What's driving this migration? "It's pri-
marily a search for yield," says Ben T ypin, RCA's director of market analysis. Private
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