It’s no secret that multi-housing has been hot and the preferred investment class over the past three years. Per unit pricing has reached 2007 peak levels at over $500,000 per unit on the waterfront, and cap rates have broken previous records both on the Hudson Waterfront, where it has reached the low 4 percent range, and in the suburbs, where several transit oriented apartment complexes have traded below 5 percent cap rates. So why is pricing hitting these historic
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.
Already a member? Log in.