Top 10 Multifamily Real Estate Brokers | Commercial Real Estate ...

Once again courtesy of Real Estate Alert, here?s a ranking of the Top 10 Brokers of Multifamily Properties for the First Half of 2012:

10. Prince Realty (transaction total for 1-H 2012: $280 million)

9. Engler Financial ($293.9)

8. Jones Lang LaSalle ($436.5)

7. Eastdil Secured ($831.1)

6. Moran & Co. ($941.9)

5. Cushman & Wakefield ($961.8)

4. Marcus & Millichap ($1,043.3)

3. HFF ($1,502.9)

2. Apartment Realty Advisors ($1,898.6)

1. CBRE ($3,824.9)

To get an idea of just how active America?s multifamily market has become, look no further than our number one entry: CBRE (NYSE: CBG), whose staggering $3.8 billion in sales is almost triple the firm?s total?for the same period?in the industrial sector. In fairness to industrial, activity in that sector has picked up significantly in the last couple years, but no asset class in the States can compete with multifamily.

The world of commercial real estate finance is divided on whether the next step for multifamily is to ramp up construction (something America?s construction and building supply industries have been pining for) or continue acquiring preexisting supply.

Multifamily brokerage activity has increased substantially over the first half of 2011 (CBRE and Apartment Realty Advisors, for instance, both saw sales increase by more than 80% in this time period, and Moran & Co. more than doubled its total). This demonstrates that a lot of CRE investors are remaining bearish enough, even toward this high-performing sector, that they prefer to pay inflated prices for existing multifamily rather than risk over-saturation. Last month, Llenrock?s readers shared this very sentiment in a poll about multifamily REITs:

Granted, new development is inevitable. There?s no way developers would simply stand at the sidelines as multifamily grew and grew. Just the same, many investors are still jittery from the?last bubble that burst, so it?s doubtful that multifamily development will reach the fever pitch that single-family did in the mid-2000s. Than again, maybe it will? but while we await for that day, it seems there are enough existing properties changing hands to keep the intermediaries quite busy.

Source: http://llenrock.com/blog/top-10-multifamily-real-estate-brokers/

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