Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.”

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

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.