HOUSTON ( – Where will investors be putting their money next year? Multifamily properties, according to a recent 2012 outlook survey conducted by Jones Lang LaSalle.
Survey respondents said rising rental rates and declining home ownership rates suggest strong apartment investment activity in the coming year.
And take note, Dallas: When asked where in the United States they would be most likely to invest next year, respondents ranked Big D among the top five cities, beating out New York City and Washington, D.C.
On the flip side, they said Houston was one of the five cities in which they’d most likely sell properties.
The survey was completed by more than 150 private investors, real estate brokers, developers, REIT and institutional investors.