A wide gap has opened between the prices investors are paying for multi-family properties and the valuations that REIT-stock buyers are putting on the sector.
Since the coronavirus pandemic shook up the U.S. economy in March, share values in the public markets have reflected a gloomy view of asset values. Meanwhile, while property transactions have slowed, pricing has held up relatively well.
The dramatic divergence has investors grappling with the question: Are apartment REITs underpriced, or are the buildings overpriced?
Real Estate Alert interviews Casoro Group CEO Chi Hathiramani and other industry experts for their thoughts on the matter. Read the full article below.