It is no secret that the pandemic cemented multifamily as the darling of commercial real estate investment. Its strong performance has driven a new level of exuberance for apartment investment, and off-market transactions have always been one tool that investors have used to win deals.

“The increase in off-market multifamily deals has absolutely been impacted by the pandemic. We have seen by-and-large investors looking in secondary markets, like Phoenix, Raleigh and Austin,” Kevin Mattice, chief product officer at Cherre, tells GlobeSt.com. “As people have moved to these markets, a supply demand problem has emerged, and developers are struggling to keep pace with the apartment demand. “That has really kicked off an increase in off-market transaction activity.”

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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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