Real estate investing is known as a numbers game. It’s no secret that monitoring trends and continually evaluating data is equally, if not more, important than predicting them. For example, many predicted that the pandemic would cause higher vacancy rates, and therefore lower stability in multifamily investments. Yet, multifamily investing is performing strongly. US Capital Trends recently reported that apartment deal activity is surpassing both the industrial and office sectors combined. Furthermore, multiple markets are also generating double-digit rent growths, boosting investors’ confidence that multifamily housing demands will only continue to increase.
As the multifamily market has heated up considerably, certain markets are strongly dominating in property acquisitions. It’s important to keep an eye on the trending markets, as it may be an indicator as to where the market is heading. Here are the top 12 multifamily markets with the highest number of property acquisitions through May of 2021.
The Top 12 Multifamily Markets with the Highest Number of Property Acquisitions from January 2021 through May of 2021:
12. NYC Boroughs
- Number of Properties Acquired: 52
- Percentage of Renters in the City: 18%
- 2020 Population Growth Rate: -.064%
- Average Rent: $1,605
11. Minneapolis
- Number of Properties Acquired: 53
- Percentage of Renters in the City: 55%
- 2020 Population Growth Rate: 1.08%
- Average Rent: $1,565
10. Boston
- Number of Properties Acquired: 54
- Percentage of Renters in the City: 51%
- 2020 Population Growth Rate: 0.21%
- Average Rent: $3,143
9. Miami
- Number of Properties Acquired: 56
- Percentage of Renters in the City: 45%
- 2020 Population Growth Rate: 1.09%
- Average Rent: $1,774
8. San Diego
- Number of Properties Acquired: 61
- Percentage of Renters in the City: 39%
- 2020 Population Growth Rate: 0.14%
- Average Rent: $2,267
7. Denver
- Number of Properties Acquired: 66
- Percentage of Renters in the City: 51%
- 2020 Population Growth Rate: 1.48%
- Average Rent: $1,680
6. Houston
- Number of Properties Acquired: 70
- Percentage of Renters in the City: 39%
- 2020 Population Growth Rate: .07%
- Average Rent: $1,132
5. Chicago
- Number of Properties Acquired: 73
- Percentage of Renters in the City: 46%
- 2020 Population Growth Rate: -0.28%
- Average Rent: $1,908
4. Atlanta
- Number of Properties Acquired: 102
- Percentage of Renters in the City: 57%
- 2020 Population Growth Rate: 1.67%
- Average Rent: $1,559
3. Phoenix
- Number of Properties Acquired: 131
- Percentage of Renters in the City: 36%
- 2020 Population Growth Rate: 1.54%
- Average Rent: $1,252
2. Dallas
- Number of Properties Acquired: 141
- Percentage of Renters in the City: 43%
- 2020 Population Growth Rate: 0.13%
- Average Rent: $1,276
1. Los Angeles
- Number of Properties Acquired: 219
- Percentage of Renters in the City: 40%
- 2020 Population Growth Rate: .05%
- Average Rent: $2,376
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About Ellie Perlman
Ellie Perlman is the founder and CEO of Blue Lake Capital, a woman owned multifamily real estate investment firm focused on partnering with family offices and accredited investors to build and preserve generational wealth. Since its founding in 2017, Blue Lake has successfully acquired and operated multifamily assets across high-growth U.S. markets, completing $1B+ in transactions.
At Blue Lake Capital, Ellie and her team work exclusively with family offices and accredited investors, offering carefully curated investment opportunities that emphasize long-term wealth creation, stability, and risk-adjusted returns. A defining aspect of Blue Lake’s investment strategy is its integration of advanced AI-driven analytics and data science into the entire lifecycle of acquisitions and asset management. By leveraging cutting-edge technology, the firm executes data-driven forecasting on market trends, asset performance, and tenant behavior, ensuring strategic decision-making and optimized returns.
In addition to leading Blue Lake Capital, Ellie is the original founder and host of "REady2Scale - Real Estate Investing" podcast, which provides insights into multifamily real estate, alternative investments, and finance.
Ellie began her career as a commercial real estate attorney, structuring and negotiating complex transactions for one of Israel’s leading development firms. She later transitioned into property management, overseeing over $100M in assets for Israel’s largest energy company.
Ellie holds a Master’s in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can learn more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com.
At Blue Lake Capital, Ellie and her team work exclusively with family offices and accredited investors, offering carefully curated investment opportunities that emphasize long-term wealth creation, stability, and risk-adjusted returns. A defining aspect of Blue Lake’s investment strategy is its integration of advanced AI-driven analytics and data science into the entire lifecycle of acquisitions and asset management. By leveraging cutting-edge technology, the firm executes data-driven forecasting on market trends, asset performance, and tenant behavior, ensuring strategic decision-making and optimized returns.
In addition to leading Blue Lake Capital, Ellie is the original founder and host of "REady2Scale - Real Estate Investing" podcast, which provides insights into multifamily real estate, alternative investments, and finance.
Ellie began her career as a commercial real estate attorney, structuring and negotiating complex transactions for one of Israel’s leading development firms. She later transitioned into property management, overseeing over $100M in assets for Israel’s largest energy company.
Ellie holds a Master’s in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can learn more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com.
*The content provided on this website, including all downloadable resources, is for informational purposes only and should not be interpreted as financial advice. Furthermore, this material does not constitute an offer to sell or a solicitation of an offer to buy any securities.
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