Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Investors looking for distressed multifamily opportunities have so far had slim pickings. But the flow of deals may grow stronger in the second half of 2010 and into 2011. Distress transactions have already started picking up for multifamily assets, sales of distressed properties accounted for 31 % of the nearly $1 billion of apartment assets that changed hands in April, according to the latest data from Real Capital Analytics. Troubled assets took up a 20% share of deal volume at year-end 2009.

By comparison, RCA reports that distressed assets accounted for 20% of the $700 million of retail deals that closed in April. Only six of the 30 hotel properties that sold in April were distressed, taking up $20 million of the aggregate $769 million in volume. And in the office sector, which saw $763 million in volume, just two of the 26 properties that traded qualified as distressed.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.