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Southern California apartment investors have not seen a pandemic discount. Investor Advanced Real Estate has been an active buyer in the market this year, and while some sellers have made adjustments for declines in rent collections, low interest rates have kept prices stable.

“Throughout the pandemic, there remained consistent competition and barely a change in pricing,” Paul Julian, principal at Advanced Real Estate Services, tells GlobeSt.com. “You received a small discount for COVID collection losses but nothing significant like we saw in past recessions. The combination of strong rent collections in the suburban markets, and record low financing rates, kept capital chasing So Cal apartments.”

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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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