HISTORICAL TRANSACTIONS

The number of multifamily transactions increased 230 percent from 2001 to 2007 during the era of lax lending practices and cheap capital.

It then dropped over 60 percent in just one year, from 2007 to 2008.

In October 2010, only $2.8 billion multifamily assets closed, a significant decline from the high of $10.6 billion in November 2007.

 

                        Multifamily Transaction Volume

                                                                     Source: Real Capital Analytics

                               Historical Cap Rates