Real Estate/Development
Sep. 16, 2003
Institutional Investors Hungry for New Apartment Deals Despite Interest-Rate Hike, Record-Low Caps
BY HOOMAN GHAFFARI Since 2001, the Southern California apartment market has witnessed a major divergence between prices and the fundamentals that support them, prodding many economists and real estate gurus to predict that the market would, at the first signs of an interest-rate hike, enter meltdown mode.
BY HOOMAN GHAFFARI
Since 2001, the Southern California apartment market has witnessed a major divergence between prices and the fundamentals that support them, prodding many economists and real estate gurus to predict that the market would, at the first signs of an interest-rate hike, enter meltdown mode.
Yet even with a 130-basis-point jump in lending rates, those predictions of doom do not appear to be taking shape. Instead, investors of many stripes, esp...
Since 2001, the Southern California apartment market has witnessed a major divergence between prices and the fundamentals that support them, prodding many economists and real estate gurus to predict that the market would, at the first signs of an interest-rate hike, enter meltdown mode.
Yet even with a 130-basis-point jump in lending rates, those predictions of doom do not appear to be taking shape. Instead, investors of many stripes, esp...
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