Investment 4Q-2023
Key Takeaways
Investment sales volume in 2023 declined 18.6% compared to 2022
Transaction counts experienced a notable 30.7% drop from last year’s levels
The decrease in institutional investment activity is a key factor contributing to decline in megadeal activity
The acquisition of Kaanapali Beach Hotel by Outrigger Hotels topped the 2023 transaction list
Interest rate cuts eagerly anticipated by CRE investment marketplace