LIVINGSTON, NJ—Gebroe-Hammer Associates says the stars are aligning for a blowout year in multifamily transactions. The firm recently had a two-week period with more than $165 million in sales.
Extremely favorable demographic and employment trends, coupled with sustained rent and valuation appreciation, are driving historic multifamily trading along the New Jersey/Pennsylvania corridor, says Gebroe-Hammer.
At the mid-year mark, the firm says its transaction pace will surpass last year's performance.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.