Despite 2020 being defined by a global health crisis and market challenges, apartment sales in the Puget Sound region ended the year with cap rates not far off previous years, according to the 2021 Apartment Sales Market Study released by Dylan Simon and Jerrid Anderson of Kidder Mathews. Seattle and its urban neighborhoods retained a top spot as the most active sales markets, with 77 sales equating to nearly 35 percent of the region’s total transaction volume.
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