The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Tuesday, March 27, 2018
Portland Tribune Breaks Down Why Rent Is High in New Buildings
The Portland Tribune published an analysis of the rent payments of tenants in new apartment buildings, breaking down what that money pays for. According to their analysis, development companies and investors only take home about 10% of the theoretical rent payment, while over 50% goes to land, materials, and construction costs. Read more.