Renewed Confidence

After a COVID-related pause last year, apartment sales have ticked up amid improving fundamentals throughout the Gulf Coast.


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  • | 12:00 p.m. May 20, 2021
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COURTESY PHOTO — Snell Properties of Virginia acquired the Arcos Apartments in downtown Sarasota for $80 million earlier this year.
COURTESY PHOTO — Snell Properties of Virginia acquired the Arcos Apartments in downtown Sarasota for $80 million earlier this year.
  • Commercial Real Estate
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After a pause in transactions last summer because of pandemic-fueled uncertainty, investors are once again flocking to multifamily rental deals throughout the Gulf Coast.

Since the beginning of April, a handful of major sales totaling more than $400 million have been completed, and analysts believe the deal flow will remain robust throughout 2021 as more people are vaccinated against COVID-19 and the economy continues its post-pandemic rebound.

 

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