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Unprecedented Demand Pushing MF Cap Rates

EAST RUTHERFORD, NJ—Unprecedented buyer demand is making the multifamily investment market “very exciting,” says Thomas McConnell, CCIM, managing partner of Hasbrouck Heights-based Redwood Realty Advisors, one of the panelists featured at this year's RealShare New Jersey Conference.

By Steve Lubetkin | Updated on September 08, 2015

EAST RUTHERFORD, NJ—Unprecedented buyer demand is making the multifamily investment market “very exciting,” says Thomas McConnell, CCIM, managing partner of Hasbrouck Heights-based Redwood Realty Advisors, one of the panelists featured at this year’s RealShare New Jersey Conference.  

In comments provided exclusively to GlobeSt.com in advance of his appearance at the conference, McConnell says “We are seeing unprecedented buyer demand. That demand continues to far outweigh the available supply of apartment properties for sale. As a result, it remains an extremely aggressive market in terms of pricing and cap rates. It is incredible how much buyers are pushing cap rates.”

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