A big apartment complex in Santa Clara near a train station has been bought for more than $100 million in a deal that suggests investors continue to scout for residential projects to buy despite a murky economy.
The recent transactions, measured on a per-unit basis, suggest that values for apartments are trending lower than the purchase levels that were common before the spikes in inflation and interest rates in the last year or two.
#real-estate-investment #apartment-complexes #residential-projects #property-values #economic-trends
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