Research analysts say the multifamily REIT sector hit its lowest point in the cycle some time in the past six months.

SADDLE BROOK-'If we are not doing any tenant improvement work, or if there's minimal work involved, we will sometimes opt not to review the tenants financials,' says Denholtz' Hurlbut.

SADDLE BROOK-'If we are not doing any tenant improvement work, or if there's minimal work involved, we will sometimes opt not to review the tenants financials,' says Denholtz' Hurlbut.

COLUMBUS, OH-With the debt for the property at $38.6 million, the remainder will be used to pay more toward the company's $232 million credit facility.