Rising rents spark buying frenzy among apartment investors

Rising rents spark buying frenzy among apartment investors

Paul Julian visited an Inland Empire apartment building on Sept. 28, looking to buy.
But when the Advanced Real Estate Services executive got there, he realized a host of other apartment shoppers were just as keen to add the 200-unit property to their portfolios.
“It’s going to be incredibly bid up. It’s going about 10% higher than we expected,” said Julian, a principal at his Irvine-based…

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