Multifamily Sales Up 31 Percent, CAP Rates Near Complete Recovery from Financial Crisis

Real Capital Analytics reports that Garden style apartments totaled $7.1 billion in sales for the first quarter of 2012, driving most of the volume, while high-rises totaled $4.8 billion.  Portfolio deals involved 52 transactions of 185 properties for $2.6 billion of the total volume.  Read the Full Story.

Meanwhile, Dallas-based Axiometrics reports that effective rents increased 0.89 percent from February to March, the highest growth rate since the firm began its monthly surveys in April 2008.  National occupancy also increased for the second consecutive month from 93.61 percent in February to 93.94 percent in March — the largest month-tomonth gain in occupancy since August 2010.