Apartment Volume Slides 17% in July

The frantic apartment transaction market of the past few years may finally be slowing.

With $9 billion in transaction activity in July, apartment sales fell 17%, according to New York–based commercial research firm Real Capital Analytics (RCA).

RCA attributed the decline in apartment sales activity to a drop-off in portfolio and entity-level transactions, which fell 65% to $1.2 billion. But RCA noted other problems as well in its report.

Read entire article here in MultiFamily Executive.

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