If you thought the first quarter's $63 billion in multifamily sales was a lot, consider the dry powder that is still waiting on the sidelines for this asset class. According to Newmark, it is a record $250 billion. 

That equates to over $714 billion in purchasing power at a 65% LTV. 

Opportunistic and value-add strategies continue to be the focus for funds targeting multifamily investment, accounting for 88.0% of all fund targets.

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