Two Out of Three Private Apartment Deals Are Done Off-Market

Apartment buyers are turning to off-market transactions more frequently as a way to find opportunities and curb competition. According to Thomas Foley, co-founder and CEO of Archer, two out of three private multifamily transactions are done off market, while about half of sub-institutional deals and a third of institutional deals are off-market.

“The biggest surprise for us was just how common off-market transactions were at any size,” Foley tells GlobeSt.com. “We additionally saw off-market deals increase again once deals got above $100 million—mostly because of the quickly shrinking set of mega-buyers that can take those deals down.”

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