Investors Aim to Avoid Rent Control in New Apartment Deals

Investors are continuing to pay top prices for apartment buildings in many parts of the country, despite growing political support for rent control measures that could make this business riskier.

Norfolk, Va.-based real-estate investors Harbor Group International LLC bought a portfolio of 13,243 apartment units in eight southern and mountain states valued at $1.85 billion, one of the largest multifamily purchases over the past decade, earlier this month.