The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Wednesday, March 9, 2011
Bloomberg News: U.S. Apartment Investors Expect Income Growth As Apartment Growth Surges
As U.S. demand for rental housing surges, investors are venturing beyond class A properties, or newer, well-leased buildings in centrally located neighborhoods of big cities like San Francisco and New York. One example is Vancouver, Washington's Orchard Pointe, the first class B property purchased by Invesco since credit markets seized and commercial property values tumbled. Read the full story.