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Multifamily investment sales are down 31% for the year in Orange County, compared to 2017. The decline in investment activity is due to a lack of availability of deals and opportunities in the market. This year, only 10 properties over $15 million have traded hands in Orange County, and as a result, properties that do come to market see multiple offers and strong pricing. Sundance West Apartment Homes, for example, recently came to market, receiving 15 offers and $500,000 over the asking price. With limited opportunities, this is becoming the standard for the market.

Kelsi Maree Borland

GlobeSt

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