Private Buyers Are Still Driving Investment Sales
Since the COVID crisis began, private investors helped drive the market, according to a recent report from Marcus & Millichap.
In the report, M&M says the murky long-term health outlook, combined with barriers resulting from an inability to travel, forced institutional investors to take a step back.
With institutions mainly on the sidelines, private buyers pounced. During the 12 months ending in March 2021, 55% percent of the dollars invested came from private buyers. M&M says this ratio is 300 basis points above where it was in 2019 before the health crisis.