March 28, 2006 | Vol. 4 No. 6

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Volume 4 - Number 6 | March 28, 2006

TOP STORY: Mark Winkler Co. Exits Real Estate Business, Nets $2.3B for Apartment, Commercial Holdings
By Sule Aygoren Carranza
In one of the largest portfolio sales in the DC metro area, the Mark Winkler Co. has shed all of its properties and exited the real estate industry. The 60-year-old, locally based company recently sold 12 apartment properties totaling some 5,000 units in Northern Virginia to three buyers for $900 million.

DATA POINTS: Driven by Institutions, Sales Continue at Strong Pace
By Sule Aygoren Carranza
Despite anecdotal reports, sales volumes indicate the multifamily investment sector shows no signs of slowing down. In fact, the $6.5 billion of apartments that changed hands last month represented a 50% increase over the same period last year, according to Real Capital Analytics. Most of the February sales consisted of portfolio transactions, and the New York City-based firm reports that the industry should see more in the near future since another $4 billion of multifamily portfolios are currently under contract.

Expectations for 2006 Apartment Performance Mixed, Says PNC
By Sule Aygoren Carranza
Looking ahead for the balance of the year, the performance of the multifamily sector can generally be summed up as a mixed bag, according to a recent study by PNC Real Estate Finance.

Condo Prices Grow by Double Digits in Connecticut
By Sule Aygoren Carranza
Sales prices for condominium units in Connecticut skyrocketed last year, with double-digit growth in nearly every region of the state. The number of condo units sold during the year also increased, albeit slightly.

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