Q2 2012 Knoxville, Tennessee Apartment Property Sales Analysis

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Q2 2012 Knoxville, Tennessee Apartment Property Sales Analysis


The last apartment investment sales took place in the July of 2011, when two deals netted $13.8 million at a mean price of $40,000 per unit and a mean cap rate of 7.2%. The sales total for 2011 was $24.7 million in three deals, or about the same as in the previous three years.