With $19.6 billion worth of apartment sales in October, investor activity has indeed spiked. A huge portion of that transaction was the $7.6-billion sale of private equity firm, Home Properties of Lone Star Funds. And there are more multi-billion-dollar deals in the works. Blackstone announced its plan to buy 5,000 apartments in New York City, and Equity Residential announced its plans to sell several of its properties in November. Continue reading
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