Real Estate
Property Investors Pay Up for Apartment Deals as Rents Spike
- Big money chasing apartments is fueling bidding wars
- Fallout from hot housing market includes rental demand
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There’s more money than ever betting that apartment rents are heading to new heights.
Investors spent $53 billion on multifamily real estate during in the three months ending in June, the most ever for the second quarter, according to data from Real Capital Analytics.