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Still, strong elements remain.

Levin Johnston sees momentum particularly in the multifamily sector.

Property management companies should look beyond concessions to attract new tenants and improve their experience.

The repurposing of the asset will include upgrades to amenities and leasing flexibility.

Phillips Edison and Rosen-Harbottle had the two largest purchases.

Remote work is also a factor.

Owners and operators have experienced some relief from insurance costs and taxes.

Underlying price pressures were stable in April, but rising business input costs could be on the horizon.