Research - AUGUST 31, 2016

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U.S. transaction volume totals $109b in second quarter

by Andrea Waitrovich

Acquisition activity continued at a moderate pace during second quarter 2016, less active than in 2015 but above the 2010–2016 historical average, according to CBRE’s second quarter 2016 “U.S. Capital Markets MarketView” report.

Second quarter 2016 investment volume reached $109 billion, down 10.3 percent year-over-year from $122 billion in second quarter 2015. The decline in volume is owing to a decline in multi-asset portfolio sales; individual asset sales were up 2.9 percent to $90.4 billion.

The multifamily sector attracted the most capital among the major property types, with $34 billion in apartment sales during the second quarter. More than 30 percent of all investment was directed to apartment properties. Moreover, the year-over-year increase in multifamily acquisitions stands in contrast to the other property sectors, which all saw declines in acquisition volume.

By metro, New York City remained the leading target for

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