Whether it is the sale of a single apartment community, a portfolio of assets or entire companies, the multifamily business thrives on transactions. From that perspective, 2023 was a down year.
Sales of apartment properties dropped 62% year over year to $30.1 billion through the first three quarters of 2023. And, October marked the 14th straight month where deal volume fell.
Still, even in a slow year, there were notable sales, including portfolio-level deals and mergers and acquisitions. Out of all the transactions that Multifamily Dive reporters covered in 2023, here are the eight we found most intriguing.
