Transaction Trends in Small Multifamily Assets US Multifamily Research Brief October 2018
Transaction Trends in Small Multifamily Assets
A high percentage of U.S. multifamily inventory is in small properties, and a significant percentage of multifamily renters live in small properties. In the capital markets world, investment in and financing of smaller assets is very active.
Small assets (five to 50 units each and $10 million or under in sales price) represented a moderate 9% of total multifamily sales volume in 2018 (through August), but 39% of all transactions.
Sales volume for full-year 2018 is expected to exceed the nearly $12 billion annual average of the past three years.
Total transactions volume year-to-date is 4.5% higher than last year.
Small assets tend to be older properties that generally have high occupancy levels.