The companies value the US multifamily sector at more than $3 trillion and say that it has delivered higher and less volatile returns than most major US real estate sectors during the past 25 years.

APARTMENTSTech will focus on multifamily landlords that are using emerging tech in VR/AR, data and analytics, IOT/Smart Homes, and deal management platforms.

There is a willingness on the part of the investor to accept less returns because the asset class is so steady.

Potential nominees now have until Friday, August 24 at midnight EST to submit an application.

Earlier this week DCT Industrial's shareholders voted to approve the $8.4 billion transaction.

WPC has been working with Montgomery County on the Ripley District's transformation from former light industrial use to a transit-oriented neighborhood.

The REIT is acquiring 18,063 acres in Oregon and selling 56,000 acres in the southwest.

This announcement follows by days what was the biggest deal under Freddie Mac's pilot.