Apartment investing fundamentals have strengthened for the past three quarters, Freddie Mac Multifamily said Tuesday. The GSE’s latest Apartment Investment Market Index showed positive third-quarter growth nationally, although the results were more varied in the 13 major metropolitan areas tracked by the index.

“The AIMI index has been indicating a favorable investment environment for apartments since 2009,” says Steve Guggenmos, VP of research and modeling with Freddie Mac Multifamily. While Q3’s upward movement represented the third consecutive quarter in which this has been the case, “it is down slightly year-over-year. The iIndex has been in a consistent range since 2013.”

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