During the pandemic, apartment transactions, like those of other commercial real estate sectors, showed a discount between 5% to 10%. According to the co-chief investment officer of TruAmerica, Noah E. Hochman, this discount did not last for a long time. “[Many investors] are rebalancing the multifamily because they’ve seen it as being very resilient in this crisis. So, with low-interest rates, there is a lot of capital that wants to buy multifamily right now. It has really supported the pre-COVID values.”
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