Salient to Investors:
Miller Samuel and Douglas Elliman Real Estate say Manhattan apartment rents are within 2 percent of their all-time highs set in 2006, up 6.5 percent in April from a year earlier. Real Capital Analytics said investors are clamoring to capture the rising rates, more than doubling the volume of multifamily sales in the borough last year.
Read the full article at http://www.bloomberg.com/news/2013-05-23/defaulted-manhattan-complex-rewards-patient-money.html
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