For most of the last decade, the most crowded trade in commercial real estate was the value-add apartment deal. Buy a 1980s or 1990s Class B property, spend a few thousand dollars a unit on washers and dryers, push rents $50 to $75 a month, and let t…
READ »Over the past 90 days, national apartment rents grew by roughly 1.5%, the fastest rate since late 2022. For a sector that absorbed the largest supply wave most of us have seen in our careers, that is a meaningful turn. Well short of a boom, but the c…
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