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Real Estate/Development

Dec. 3, 2002

The Market/Multifamily Properties

"We're seeing a lot of [Orange County] apartment owners sell their apartments and trade up into another apartment buildings, because they still believe that they can raise rents. Interest rates are very favorable, and the ability to push rents and lower their expenses and debt service gives them good cash returns. The most desirable properties, similar to the previous year, are class B and C properties.

        "We're seeing a lot of [Orange County] apartment owners sell their apartments and trade up into another apartment buildings, because they still believe that they can raise rents. Interest rates are very favorable, and the ability to push rents and lower their expenses and debt service gives them good cash returns. The most desirable properties, similar to the previous year, are class B and C properties. Class A properties have not ...

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