ATLANTA—Investment in US multifamily reached $127 billion for the year ending at the second quarter of 2015. That’s the highest four-quarter total in history and growth of 36% over the 12-month period, according to the latest research from CBRE. In fact, the total surpasses the mid-2000s peak of $100 billion achieved in the year ending Q2 2006.

Multifamily investment has been robust for several years and this trend continued during the second quarter of 2015, with $30 billion flowing into the sector. That’s a 35% year-over-year gain, but a 3% decline over the first quarter of 2015. Multifamily acquisitions represented 27% of the total $110 billion invested in US commercial real estate in in the second quarter of 2015.

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