Q2 2012 Columbus, Ohio Apartment Property Sales Analysis

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Q2 2012 Columbus, Ohio Apartment Property Sales Analysis


There were five apartment sales in the second quarter of 2012 in Columbus, according to the latest Reis data. A single sale was recorded in the first quarter, but since there were only six sales for all of 2011, the market is beginning to show some life. Second quarter’s sales totaled $32.1 million, for a mean price per unit of $21,000. The mean cap rate was 7.7% and the 12 month rolling cap rate was 6.9%. The leading dollar volume sale was 218 units at Bridgestone Apartments, at $11.8 million ($54,335 per unit.)