Northmarq featured in Heartland Real Estate
ST. LOUIS, MISSOURI (March 1, 2022) - Parker Stewart, managing director and Dominic Martinez, associate vice president of Northmarq's St. Louis investment sales team recently contributed their insights in a Heartland Real Estate story titled, "Multifamily Brokers Anticipate Another Busy Year." With multifamily property and portfolio sales nationally totaling $335.3 billion in 2022 (up 128 percent since 2020), it is hard to imagine a repeat of last year's successes. But that's exactly what some brokers are expecting. Beyond projections for 2022, other topics included: Optimistic investors, cap rates compressing and worries regarding inflation.
Stewart noted that new sources of capital are entering the Midwest chasing multifamily product. "We have generated twice as many offers on almost every deal that we brought to market over the past 12 months when compared with prior years," he said. Martinez added that "We're extremely bullish on the market from a transactional standpoint based on conversations we are having every day with buyers and sellers."
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