Multifamily Investors Are Ending 2020 on a Brisk Buying Clip
Tired of waiting for discounts, investors have come off the sideline to snap up assets in a year-end rush of deals.
December 14, 2020 | Bendix Anderson | National Real Estate Investor
Apartment investors are in a hurry to make up for lost time. They are trading billions of dollars in apartment properties—a pace of activity that’s double or even triple the volume of sales from the fall.
Buyers and sellers have closed deals despite the coronavirus pandemic worsening in the U.S., with hundreds of thousands of new cases confirmed daily and the death toll now reaching more than 3,000 in a single day twice this week.
Buyers and seller are closing deals regardless as they resolve disagreements about what apartment properties are worth in the pandemic. Fights between would-be buyers and sellers stalled transactions for most of the spring and summer.
