The four major REITs — Public Storage, Extra Space Storage, CubeSmart and Sovran Self Storage — are able to take down the large deals of more than $ 75 million, but there are
aggressive bidding wars by private equity for the smaller portfolios, Boorstein says.
Despite the inflated prices, homebuyers today often find themselves in
aggressive bidding wars, and many are using escalation clauses with their bids, agreeing to pay a specific amount over the highest bid, up to a certain price.
Serious Homebuyers Still Use
Aggressive Tactics with More than Half of Redfin Offers Facing
Bidding Wars Competition for homes hit its lowest point since 2011 in November, when 51.7 percent of Redfin offers faced bidding wars, down from 54.8 percent in October and from 63.6 percent a year earl
Wars Competition for homes hit its lowest point since 2011 in November, when 51.7 percent of Redfin offers faced
bidding wars, down from 54.8 percent in October and from 63.6 percent a year earl
wars, down from 54.8 percent in October and from 63.6 percent a year earlier.