Posted on 06/29/2021 1:56:03 PM PDT by blam
Actually, landlords DO have a way they could get it back, had they done certain things when COVID fell upon us ... and most did. The cost of an apartment complex has increased during the last year at a truly astronomical rate. A year ago I was looking at complexes in the 5.5 to 5.9 cap range, which today are going in the 4.5 to 4 cap range. What that means is that a complex with an NOI of $1MM a year ago would sell for between $16.95M and $18.2M. Today that same complex would sell for between $22.2M and $25M.
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