Rent growth has led to a surge in investment sales, but how long can the party last? Brandon Polakoff of Avison Young weighs in.
The purchase brings the firm’s portfolio in the town of Farmingdale to nine assets.
The owner completely redeveloped the 101-unit property from a decommissioned community.
A high-growth sector attracts plentiful debt and equity capital.
RRA/GREA’s National Student Housing Group brokered the transaction.