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Apartment Investment Market 'Relatively Healthy'

SEATTLE, WA-First-half 2001 reports from CB Richard Ellis and M/PF Research on the investment market for Puget Sound apartments have some positive things to say about the market here.

By Janet Parker | Updated on August 21, 2001

SEATTLE, WA-The apartment investment market is showing signs of life these days, according to the latest apartment market reports from CB Richard Ellis and M/PF Research.

“From an investment standpoint, the volume of transactions is off from a couple recent years in the past; although, national interest (in the Puget Sound area) is good,” says Frank Bosl, an apartment specialist with the Seattle office of CB Richard Ellis. “There’s good interest from both in-state and out-of-state investors from syndicates, to REITS, to institutional advisors.”

Those past years Bosl refers to are 1998 and 1999. According to CB’s research, apartment sales in Puget Sound during the first six months of each of those years flirted with $500 million. Then the first half of 2000 turned dismal, with sales falling to $202 million.

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