Northeast

Traditionally, New York City was the sole focus for the firm, but now they're looking to plant the flag in other cities, having expanded to Texas, Georgia, Connecticut and several other metro areas

With the Treetop Development purchase, brokerage firm CBRE reports it has negotiated a more than 100,000-square-foot lease at the property.

In the cities where some form of rent control has been introduced, apartment cap rates have increased over the last year, according to Real Capital Analytics.

The firm is entering the NC market with the 830-unit, three-asset portfolio.

CBRE's Laurie Lustig-Bower talked about multifamily investment trends at Allen Matkins View From the Top conference this week.

There is an exodus by mid-cap consultant types from expensive urban centers toward cheaper cities such as Boise, Austin, and Portland where life is good and the cost of living is comparatively affordable.

The combined entity, when the deal closes, will have an enterprise value of $12 billion.

The REIT plans to use proceeds from the nine centers to advance strategy of acquiring shopping centers located in the top-50 MSAs.