From: Texas A&M Real Estate Center
September 4, 2009
Apartment transaction volume peaked in the DFW area in 2007, when 211 apartment complexes of 101 units or more changed hands, said Brian O'Boyle of Apartment Realty Advisors.
Transactions in that category fell by half, to 105, in 2008, and only 31 complexes of 101 units or more have sold so far this year, said O'Boyle.
O'Boyle projected the DFW area will have 45 apartment transactions this year, 55 deals in 2010 and 75 deals of 101 units or more in 2011.
"A lot of funds are raising equity now to take advantage of some of the opportunities that will be in the marketplace," he said.
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