Only 20 apartment assets (4,812 units) were sold in 2001 at an average unit price of $59,854. That's the lowest number of sales in four years but the highest price-per-unit since 1998.
Robert W. Miller, senior vice president, Multi-Housing Properties Group, CB Richard Ellis Inc. thinks he knows why.
"Buyers have recently paid aggressive cap rates based on actual performance," he tells GlobeSt.com. "There are also a number of new public, private and non-traditional investors that have recently emerged and are now interested in acquiring multifamily properties in Central Florida."
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