Multifamily Investors, Spooked by Tougher Laws, Are Pushing Cap Rates Higher in Markets with Rent Control

Investors are starting to pay less for apartment properties in markets that have some kind of rent regulation laws on the books. In addition to New York, cap rates on apartment properties rose in cities in California, according to research firm Real Capital Analytics (RCA). The existing rent regulations in California didn’t change over the time period looked at by RCA researchers, though lawmakers there just approved broad new rent caps on Sept. 11th. The proposed law now awaits the signature of California’s governor, Gavin Newsom.

Spotlight

Spotlight

Related News