Gebroe-Hammer Associates records historic-high $1.9 billion in 2019 sales

LIVINGSTON, NJ — Multi-family investment confidence ran high throughout 2019, with occupancy rates looming above the long-term norm and an unquenchable demand for value-add opportunities throughout the spectrum paving the way for an even stronger 2020, according to Gebroe-Hammer Associates. Based in New Jersey, Gebroe-Hammer is a nationally ranked multi-family-focused investment brokerage firm with a reported 127 apartment-property sales transactions totaling $1.9B and 12,155 units recorded last year – a 72% increase over 2018 and a promising marker of things to come for the sector in the next 12 months.
“2019 proved to be a record-shattering year in our firm’s 44-year history as well as for the most in-favor commercial real estate asset – apartment-rental properties – across every investor category – from high-net-worth individuals and family offices to private equity firms and institutional entities,” said Ken Uranowitz, Gebroe-Hammer president who joined the firm at its inception in 1975. “As new-product deliveries top off this coming year and apartment-fundamental pressure eases, multi-family investments are expected to continue their successive gains, quarter to quarter and year-over-year.”

 

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