Multifamily investment sales have yet to recover from the impact of last year’s momentous rent-law reform, continuing the slump through the first quarter of 2020. First quarter investment sales of multifamily properties over $2.5 million have reached about $741 million so far in 2020, compared to $1 billion in the first quarter of 2019 — which already reflected a slowdown in multifamily sales in anticipation of the Housing Stability and Tenant Protection Act of 2019
source https://therealdeal.com/2020/04/28/multifamily-market-still-struggles-with-political-risk/
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