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Last year, prices were up 6 percent, the most in nearly a decade.
After weeks of increases, Kastle's 10-city occupancy average dips below 43%, with drops in half the markets surveyed.
Cap rates will likely hold due to large mark-to-market increases from quarter to quarter, CEO Hamid Moghadam said.
The National Multifamily Housing Council warns of a problem, but the extent isn't clear.
These investors will be increasingly focused on multifamily, life science, and industrial assets.
"Real estate is a bit painful right now, but it corrects. That's how it takes care of itself."
Firms based in tight West Coast industrial markets are buying up properties in the state next door.
Its 2,300 underused buildings could potentially be converted to more than 100,000 new housing units.
Student housing amenities have gone from the outrageous back to the traditional.
The REIT is looking for a JV partner to help capitalize the 33-story tower.