Multifamily investor demand in 2012 neared the competitive levels of 2005; and for the first time in 10 years, multifamily sales outpaced the sale of office buildings, according to Jones Lang LaSalle’s report, Multifamily Capital
Trends, United States Winter 2013. Total sales volume
reached $80.1 billion from nearly 3,000 transactions.
The report forecasted continued positive trends for
2013, but it projected “compounding occupancy and rent
growth will begin to slow” in 2013 and 2014. It indicated
apartment occupancy will continue to climb, however,
as population growth from Echo-Boomers and Empty
Nesters “will aid in the absorption of units through 2020.
TRENDS FOR 2013 INCLUDED:
•;Investment activity for multifamily assets is expected
to far exceed 2012 levels and might even surpass the
2007 historic sales volume.
•;High-tech and energy centric markets will continue to
see increased investor demand.
•;Declining risk aversion from lenders will likely fuel
• As the housing market continues to improve, and
owning becomes more affordable than renting, apartment owners will likely turn to condominium conversions as exit strategies.
newsflash / soundbites / buzz ::
“In three words I can sum up
everything I’ve learned about life:
it goes on.”
“To be yourself in a world that
is constantly trying to make you
something else is the greatest
“The fool doth think he is wise,
but the wise man knows himself
to be a fool.”
“Never put off until tomorrow
what you can do the day after
“Patience is something you admire
in the driver behind you, but not
in one ahead.”
“Before you criticize someone, you
should walk a mile in their shoes.
That way when you criticize them,
you are a mile away from them
and you have their shoes.”
“The trouble with being punctual
is that nobody’s there to