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PHOENIX-In recent months, multifamily acquisitions and dispositions have focused on the huge, class A sales such as Bascom Arizona Ventures LLC (which made its return to the market in late 2012) and Equity Residential Trust (which has been systematically shedding its local portfolio since early 2013).

In the midst of this “big deal” news, some investors are eyeing the lower classes for purchase. Area experts tell GlobeSt.com that lower cap rates and yield are the primary reasons why buyers like the older properties. Notes Brad Goff, principal with Apartment Realty Advisors: “Chasing yield through value-add ownership is the best way to go these days.”

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