Q2 2012 St. Louis, Missouri Apartment Property Sales Analysis

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Q2 2012 St. Louis, Missouri Apartment Property Sales Analysis


Apartment investment sales have been slow, with just one in each of the past two quarters. In May, the 114-unit The Bogen Lofts in St. Louis sold for $8.45 million ($74,123 per unit) at an 8.6% mean cap rate. The three other sales in the past four quarters were also in the City of St. Louis. The rolling 12 month cap rate is 6.9%, close to earlier readings.