Apartment Transactions Survey

What the Apartment Transactions Survey Covers

Each month, Zelman surveys private multi-family owners, managers, developers, brokers and lenders to gauge fundamental transaction market trends across the country. The survey covers roughly 1.5 million institutional-quality units and developers that account for approximately 10% of multi-family starts.

It questions contacts about the supply and demand of multi-family assets for sale, development activity, construction costs, cap rates, development returns, the financing environment and other topical items. Combined with the takeaways from Zelman's operations survey, the findings inform Zelman's expectations for multi-family total returns.

Who Uses the Apartment Transactions Survey and Why It Matters

The survey is used by investors, lenders and operators who need visibility into multifamily pricing and capital-market conditions.

• REIT and private-market investors tracking cap rates, pricing and transaction activity.

• Lenders and capital providers assessing liquidity and financing conditions.

• Developers and operators timing acquisitions, dispositions and recapitalisations.

Because transaction activity reveals the true value of multifamily assets and the appetite of capital, the survey helps stakeholders anticipate shifts in pricing, liquidity and sentiment ahead of fragmented, lagging deal data.

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