Record D-FW apartment sales top U.S. trades

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A flurry of high-profile property sales has made Dallas-Fort Worth the country’s top apartment investment market.

Almost $16 billion in D-FW apartments have changed hands in the first nine months of 2021 – 9% of total U.S. apartment investment, according to a new study by CBRE Group. North Texas rental sales were more than twice the volume of the first three quarters of last year.

Atlanta and Phoenix trailed behind with more than $10 billion in sales each.

Houston and Austin were also among the top 10 investment markets.

Sales this year of several large portfolios of rental communities and pricey high-rise properties made D-FW ground zero for apartment buys.

“The significant increase in volume in D-FW is a result of exceptional property-level fundamentals and a business-friendly environment that continues to promote job growth in the region,” said Danny Baker, CBRE executive vice president. “The long-term growth trajectory indicates D-FW is –…

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