Firm completed several upgrades in five-year ownership of Virginia Beach community.
ReadMultifamily Market Will See More Sellers in 2015
There will be more net sellers in the multifamily sector in 2015 than last year, according to a recent Capital One Multifamily Finance survey. The survey results suggest this year will be a more active one than 2014, which saw $112.4 billion in multifamily transactions of $2.5 million or more.
Industry experts say the increased number of sellers indicates an expectation of change in market conditions, and a solid majority of those surveyed believe we are nearing the end of the current market cycle.