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Digested From “Top Five Performing Secondary Markets Halfway Through 2013”
Property Management Insider (08/14/13) Parsons, Jay
Such factors as cap rate compression and price appreciation are making it difficult for apartment investors to break into the country's biggest, top-performing markets. That is why MPF Research looked at the nation's secondary markets -- those markets outside the top 100 that typically have between 25,000 and 85,000 apartment units -- to gauge their multifamily housing performance over the past year. The firm singled out five metros of this size that clearly stood above the rest in that they all ranked in the top five of annual revenue growth and annual rent change.
The above list of top performing secondary markets deals with past performance. Among the markets that MPF Research believes has the most promise moving forward are Greenville, S.C.; Oklahoma City; Madison, Wis.; and Albany, N.Y.
Abstract News © Copyright 2013 INFORMATION, INC.
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