Deals were up and investment activity was strong this year—in fact, the third quarter of 2018 set records for transaction volume.
Multifamily transaction activity was up 14.7% year to date in Q3 2018, reaching $115.7 billion, according to JLL’s Multifamily Investment Outlook report for that quarter. This surge in activity can be partly attributed to portfolio transactions, the real estate investment management company says, which jumped 74.3% from the previous quarter. Individual apartment asset sales were also on track to break records for the year.
With large portfolio transactions coming back into focus after recent years of volatility and big individual property sales increasing, the year’s robust deal volume is expected to remain strong through 2019.
Here's a look at the top 10 deals of 2018, according to data from JLL and Bloomberg:
1. Forest City
Acquired by Brookfield
$6.8 billion
2. EdR
Acquired by Greystar
$4.6 billion
3. Starwood Portfolio
Acquired by CapitaLand
$835 million
4. CBRE Global Investors Portfolio
Acquired by Waterton
$660 million
5. Aimco Portfolio
Acquired by Related
$590 million
6. Archstone 101 West End
Acquired by Dermot Co., PGGM (NL), USAA Real Estate
$416.1 million
7. DRA Advisors Phoenix Portfolio
Acquired by Blackstone REIT
$311 million
8. Fairfield Residential Renton Portfolio
Acquired by Griffis Residential
$282.5 million
9. University View
Acquired by undisclosed buyer
$235 million
10. Troy Boston
Acquired by Equity Residential
$216.125 million
