The specter of additional interest rates isn’t enough to keep investors from sinking their real estate dollars into multifamily properties across the Midwest, according to the latest research from Real Capital Markets.
Philadelphia, PA (August 29, 2018) – On August 29, Resource Apartment REIT III, Inc. (the “REIT”), through its operating partnership, completed the purchase of Matthews Reserve, an apartment community located in a diverse, growing suburb of Charlotte, North Carolina. Built in 1998, the 212-unit community features numerous amenities, including a swimming pool with sundeck, 24-hour fitness center, and expansive clubhouse.
Despite oversupply and high prices, strong fundamentals feed investment activity.
“Another 60 basis point rate hike will be difficult to absorb.”
In July 2018, Real Capital Markets surveyed and interviewed a wide range of multifamily sector professionals. Participants weighed in on the multifamily industry and provided their sentiment on various investment related topics.
Strong market fundamentals, an abundance of capital, and an influx of investors continue to propel the U.S. multifamily investment market, according to Real Capital Markets’ 2018 Multifamily Investor Sentiment Report.
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