In the money

By: Bendix Anderson | Yield PRO

Apartment investors are taking out more loans than ever. In 2021, they rushed to get loans to buy new apartment properties and refinance the debt on existing properties.

Investors spent more to buy apartment properties at the end of 2021 than ever before. They spent more than $80 billion in December 2021, which is roughly twice what they spent to buy apartment properties the month before, according to Real Capital Analytics (RCA) based in New York City. These sales are much more than apartment investors spent during the worst of the pandemic — often less than $10 billion a month.