{"id":283,"date":"2020-12-22T10:07:21","date_gmt":"2020-12-22T10:07:21","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=283"},"modified":"2023-02-17T08:58:24","modified_gmt":"2023-02-17T08:58:24","slug":"multifamily-transactions-drop-sharply-in-2020-according-to-special-report-from-yardi-matrix","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/multifamily-transactions-drop-sharply-in-2020-according-to-special-report-from-yardi-matrix\/","title":{"rendered":"Multifamily Transactions Drop Sharply in 2020, According to Special Report from Yardi Matrix"},"content":{"rendered":"

Sales completions at end of Q3 were down over 41 percent from the same period a year ago<\/em><\/p>\n

SANTA BARBARA, Calif., December 22, 2020<\/strong> \u2013 Yardi\u00ae Matrix analyzed multifamily transaction activity for its final special report of 2020<\/strong><\/a>, and found that property sales are down sharply, though impact varies regionally, as a result of the pandemic.<\/p>\n

Through three quarters in 2020, $50.6 billion of multifamily property sales were completed in the U.S., down 41.7% from $86.5 billion through the same period a year ago, according to the report. There\u2019s little hope full-year volume will get close to 2019\u2019s record high of $127.8 billion. Gateway and coastal metros have generally seen a larger decline in deal flow than secondary and tertiary markets in the Sun Belt and Southwest.<\/p>\n

\u201cMuch of the change could be described as a \u2018filtering\u2019 effect: investors moving from urban cores to inner-ring suburbs, from primary to secondary metros and from secondary to tertiary metros. This phenomenon results from several factors, including owners putting fewer properties on the market, disagreement between buyers and sellers about prices, the composition of buyers, and the competition for assets,\u201d states the report.<\/p>\n

Like many industries, multifamily sales saw a stronger performance in Q3 than earlier in the year. Capital availability is relatively strong due to lack of better alternatives, optimism about future demand for housing, and the stability afforded by the government-sponsored enterprises Fannie Mae and Freddie Mac. Gain all the insight in this special multifamily transaction report<\/strong> <\/a>from industry data leader Yardi Matrix.<\/p>\n

Yardi Matrix offers the industry\u2019s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email matrix@yardi.com<\/a>, call (480) 663-1149 or visit yardimatrix.com<\/a> to learn more.<\/p>\n

About Yardi<\/strong><\/p>\n

Yardi\u00ae develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com<\/a>.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Sales completions at end of Q3 were down over 41 percent from the same period a year ago SANTA BARBARA, Calif., December 22, 2020 \u2013 Yardi\u00ae Matrix analyzed multifamily transaction activity for its final special report of 2020, and found that property sales are down sharply, though impact varies regionally, as a result of the […]<\/p>\n","protected":false},"author":650,"featured_media":284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,29],"tags":[16],"class_list":["post-283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-press-releases","tag-multifamily-outlook"],"yoast_head":"\nMultifamily Transactions Drop Sharply in 2020, According to Special Report from Yardi Matrix - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Yardi\u00ae Matrix analyzed multifamily 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