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2018 should be a strong year for apartment investment sales in California. Investor sentiment is positive with significant capital chasing opportunities throughout California, according to Real Capital Markets’ 2018 Multifamily Investor Sentiment Report. Through the first half of the year, the optimistic investor sentiment has resulted in strong sales activity, exceeding sales volumes in the first half of 2017. “Based on the number of multifamily properties being brought to market, 2018 is a very solid year in California,” Steve Shanahan, executive managing director at Real Capital Markets, tells GlobeSt.com. “So far, the number of multifamily investment assets brought to market is up year over year, and we believe the activity will continue through the second half of 2018.”

Investors are responding the healthy market dynamics, and more specifically, zealous renter demand. The average home cost in California is rising to record heights, fueling the rental market, and there continues to be millennials who choose to rent rather than own. “Various factors and market dynamics continue to create strong investor sentiment for multifamily investments, most notably the demand for apartments by renters,” says Shanahan. For many, the cost of buying a home is cost prohibitive. As a result, people who might typically be homebuyers instead are forced to rent.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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