(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5WB8HLVL'); Replacement Properties in High Demand | Hamilton Zanze
Menu

Replacement Properties in High Demand

hamilton-zanze July 05, 2016

Owners cashing in on increasing property values — apartment owners in particular — are fueling tax-deferred 1031 exchanges and a corresponding high demand for replacement properties, according to National Real Estate Investor (NREI).

“There is a ton of 1031 money out there looking for an exchange,” Steve Hovland, director of research at HomeUnion, tells NREI.

Sale prices that are reaching peak highs in many metros are motivating even long-time owners to sell. Apartment sales transaction volume rose 12.0% year-over-year in Q1 2016, while cap rates fell another 20 basis points to average 5.7% nationally, according to research firm Real Capital Analytics (RCA).

Read more at NREIonline.com

Print Friendly, PDF & Email