Since the COVID crisis began, private investors helped drive the market, according to a recent report from Marcus & Millichap.
In the report, M&M says the murky long-term health outlook, combined with barriers resulting from an inability to travel, forced institutional investors to take a step back.
With institutions mainly on the sidelines, private buyers pounced. During the 12 months ending in March 2021, 55% percent of the dollars invested came from private buyers. M&M says this ratio is 300 basis points above where it was in 2019 before the health crisis.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
