Updated almost 6 years ago on . Most recent reply
What cap rate are larger Class B Apartments Trading for?
I'm seeing a nice 200 unit class b complex asking a 5 cap. What are you guys seeing 200+ unit complex trade for? Does the acceptable cap rate decrease as unit count increases? Making sure I'm not crazy to think this is way too expensive. $675,000 Net. Asking $13,500,000.