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The stable multifamily investment sales sector is facing a possible slowdown if 1031 transactions are eliminated.
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At least six other apartment complexes traded in excess of $250K per unit in the first quarter as well, CoStar reported.
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CGI+ is betting on a 4% rent growth each year for the next few years on the properties.
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RADCO paid more than $13M for Central Perimeter DoubleTree.
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Self-storage occupancy and rates are soaring, generating big gains for investors. For Texas, it's reversing the state's oversupply problem.
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Don't miss any of the week's biggest Chicago deals.
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After developing 40 shopping centers in the Southeast, Connolly has its second value-add retail acquisition under contract.
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Don't miss any deals.
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The amount of money spent on Atlanta-area warehouses in 2021 was more than double the previous record.
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RLJ Lodging expects the 186-room hotel to generate net operating income growth between 8% and 8.5%.
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