The last couple of months have been a tumultuous time for apartment investors. While pricing actually rose year over year in February for the first time since 2022, sales were basically flat in the first quarter, according to data firm MSCI.
Then the conflict in Iran started, pushing up 10-year Treasuries and making it even harder to close deals. Still, some deals have reached the finish line since April.
For instance, Ballast continued to expand its San Francisco apartment portfolio in April with the acquisition of three historic multifamily buildings totaling 110 units for $48.5 million. In the same month, The Bascom Group purchased The Ellison, a 294-unit property in Las Vegas, for $103 million. Other trades also reached the finish line.
Below is a roundup of notable multifamily deals announced in the last two months.