21%
The rise in apartment prices compared with the peak prices of 2007—up 10% from the previous year.
The rise in apartment prices compared with the peak prices of 2007—up 10% from the previous year.
5.9%
The average cap rate for all apartments in the first quarter of 2015.
The average cap rate for all apartments in the first quarter of 2015.
The average cap rate in the first quarter of 2015 for mid- and high-rise properties hit a record low, at 4.7%, while garden style–apartment rates fell to 6.2%.
The Sexy Six metros—Boston, Chicago, D.C., Los Angeles, New York, and San Francisco—saw a sales volume totaling $12.3 billion in the first quarter.
$16.2 billion
The sales volume for apartments in secondary markets.
The sales volume for apartments in secondary markets.
54%
The year-over-year growth in sales of individual assets, totaling $28.3 billion in the first quarter.
The year-over-year growth in sales of individual assets, totaling $28.3 billion in the first quarter.
The Gables Residential acquisition, valued at $3 billion, helped to grow portfolio- and entity-level transactions by 117% year over year.
6.4%
The average cap rate in secondary markets in the first quarter.
The average cap rate in secondary markets in the first quarter.
4.9%
The average cap rate for deals trading in Boston, Chicago, D.C., Los Angeles, New York, and San Francisco.
The average cap rate for deals trading in Boston, Chicago, D.C., Los Angeles, New York, and San Francisco.
The West had the greatest apartment transaction volume of any U.S. region over the past year, at $29.6 billion.