In 2019, there were 321,000 units, but this year, there will only be 283,000, which is a 12% decrease, said a report by RENTCafe Blog.
These transactions are common in commercial asset transactions, but the pandemic could create demand for the deal for single-family homeowners.
The sales of Regency Park and Travis at the Lake were part of a unique situation that began as a discussion about refinancing, and then led to a value-add sale and 1031 exchange acquisition of another property.
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