Multifamily housing deals up slightly from 2008 to ’09

The multifamily investment market in Phoenix chugged along during 2009’s Great Recession. The number of sales transactions increased from 60 transactions in 2008 to 68 in 2009, according to Scottsdale-based Orion Investment Real Estate Solutions. Total volume increased from $557 million to $611 million. But here’s the bad news: In 2007, by comparison, there were 193 transactions adding up to almost $3.5 billion. Orion’s 2009 summary reports are sobering for other property types, too.

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