Multifamily momentum mows down other sectors

Apartment deals once again rule top commercial real estate sales through the first half of 2021.

  • By Kevin McQuaid
  • | 12:00 p.m. August 18, 2021
  • | 0 Free Articles Remaining!
COURTESY PHOTO — As part of a massive $1.75 billion acquisition, Morgan Properties and Olayan America acquired the Tuscany Pointe at Tampa complex.
COURTESY PHOTO — As part of a massive $1.75 billion acquisition, Morgan Properties and Olayan America acquired the Tuscany Pointe at Tampa complex.
  • Commercial Real Estate
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Fueled by gains in population and job growth, lower home ownership rates, a lack of single-family home inventory and a desire for mobility, apartment transactions have dominated Gulf Coast commercial real estate sales since 2016.

The first half of 2021 was no exception.

 

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