Excerpts from the Article: “As apartment rents and occupancy growth begin to taper in the face of new supply, owners of multifamily properties may be considering selling some assets or diversifying their portfolios with other property types that may offer more yield and occupancy stability, according to CoStar director of U.S. research, multifamily Luis Mejia, who presented the quarterly findings along with quantitative analyst Mark Hickey and real estate economist Francis Yuen.”
“There’s definitely a lot more opportunity in terms of pricing, occupancy and rent upside in some of the other property types such as office for instance, where you still have the ability to potentially pursue development and value-add deal and in certain markets, some core deals as well,” Yuen said.”
Citation and Link: Drummer, Randyl 20 May. 2015. “After Riding Apt. Value Wave, Investors Taking Long Look at Cashing Out, Diversification,” CoStar Group, 27 May. 2015 http://www.costar.com/News/Article/After-Riding-Apt-Value-Wave-Investors-Taking-Long-Look-at-Cashing-Out-Diversification/171730
Picture Citation and Link: Drummer, Randyl 20 May. 2015. “After Riding Apt. Value Wave, Investors Taking Long Look at Cashing Out, Diversification,” CoStar Group, 27 May. 2015 http://www.costar.com/News/Article/After-Riding-Apt-Value-Wave-Investors-Taking-Long-Look-at-Cashing-Out-Diversification/171730