By Mike Sunnucks | Phoenix Business Journal
Sales of apartment complexes hit a record $4.97 billion in 2016, according to new numbers from ABI Multifamily.
The 2016 sales volume was up from $3.86 billion of multifamily sales in 2015, according to Thomas Brophy, ABI’s research director.
Brophy said there were 376 total sales involving 47,233 total units sold in 2016.