National Real Estate Investor's Bendix Anderson speaks with market-research firm Real Capital Analytics (RCA) to zero-in on the hottest investment submarkets in the nation.
RCA tallied up investment and cap-rate trends to find where investors have been shelling out top dollar for apartment communities, and the usual suspects are present, such as San Francisco's Central Business District and New York City's Upper East Side. But then there were some surprises
“The results mostly point towards the six major markets of the U.S... but other areas are places where I’d dream of living: Miami Beach, La Jolla, Marin County,” says Jim Costello, senior vice president with RCA. “It’s not surprising that with tenant competition for these locations, investors compete as well.”