News
So Many Sales
April 21, 2014
Bisnow Archives
Berkadia Senior Managing Director Ryan Epstein
Multifamily investment sales have been steadily increasing, according to CBRE’s just-released 2014 capital markets multi-housing report. Last year, 229 properties totaling nearly 64,000 units traded in Houston. That’s $4.6B of transactions, and a big leap even from 2012, when 196 properties sold for $3.4B. SVP Ryan Epstein says 2014 may see number of transactions drop but overall dollar volume rise. That's because most new assets are very large and are selling at record per-unit pricing. He expects we'll see a lot of product from merchant builders hit the market toward the end of the year.
