Buying Is The New Building: Why Multifamily Developers Are Shifting To Acquisition Mode

Some of the mid-Atlantic`s largest developers are putting away their shovels and taking out their checkbooks. 

Because acquiring apartments is cheaper than developing ground up, investors and developers — even those whose bread-and-butter has been ground-up development — are going all-in on buying existing apartments.

“I have a voracious appetite to buy new buildings...   ...more

RSK: Even with inflated prices it might still be worth it on a return, to buy existing rather than build from acquisition to ground up.