I call 2005 the year of large transactions and portfolio sales. |
Private investors are basically selling their smaller assets and consolidating to fewer, larger assets through 1031 exchanges. On the flip side, a lot of institutional investors are reshaping their portfolios. They are disposing of whatever doesn't fit their long-term plans, leveraging the current record buyer demand and record pricing. |
That's the primary reason overall volume went up. |
These are the supply and demand conditions that ought to deliver a pretty good return based on the data. |
Why did Seattle make such a dramatic move? All of the positive forces are expected to come together at the same time. |