Rising interest rates and uncertainty about the economy’s prospects slowed the pace of investment in apartment properties during the first few months of 2019.
“The deal activity in January and February was light,” says Jim Costello, senior vice president for Real Capital Analytics (RCA), a data firm based in New York City.
Lower interest rates are expected to lure some investors back to make deals later this year. And whatever course the economy takes in 2019, apartment properties are likely continue to attract buyers.
Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.