203. Comps Comps Comps, Sales Comps Dominate News; Delinquencies Rise
The TreppWire Podcast: A Commercial Real Estate Show
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The Impacts of Slowing Rental Rate Growth on Multifamily Operations
This week, Prologist announced that it had agreed to acquire a 14 million square foot portfolio from Blackstone purchase price 3.1 billion sizable by anti-measure. The price indicates that it was a 4% cap rate to in place rents as of today. A 5.75% cap rate when adjusted for future anticipated rate hikes is an extraordinarily healthy rate. Minnesota ranked lowest at actually at a negative 1.4% year over year, NOI change. On the good side, Tennessee was the highest. Some new electric vehicle and electric vehicle battery manufacturing plants coming to Tennessee all bode well for the Tennessee multifamily NOI.
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