In the past couple of weeks, the multifamily sector has completed the most acquisitions, according to data by Real Capital Analytics (RCA). Approximately 29 transactions of more than $10 million were completed in the United States, totaling $1.38 billion.
The largest deal completed was the sale by Equity Residential of Archstone Crystal Towers in Arlington, Va., to Dweck Properties for $322.25 million. The deal is believed to be the highest price for a single multifamily property to trade in the Washington, D.C., region. Equity Residential purchased the 912-unit, two-tower property as part of its acquisition of 60 percent of Archstone.
The multifamily sector had the strongest performance during the first quarter. Data from Reis Inc. records vacancy rates a
