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Investors Drive Record-High Values on Once-Overlooked Apartments in Small Southeast Cities

Investors Follow Job, Population Growth in Search of Better Returns Outside Long-Favored Large Urban Markets
The newly built Riverworks along the Savannah River in Savannah, Georgia, attracted a New York investor willing to pay the highest price for apartments in the port city. (Gian Lorenzo Ferretti/CoStar)
The newly built Riverworks along the Savannah River in Savannah, Georgia, attracted a New York investor willing to pay the highest price for apartments in the port city. (Gian Lorenzo Ferretti/CoStar)
CoStar News
February 21, 2022 | 9:58 P.M.

It's not just Miami and Atlanta apartment buildings that are drawing buyers these days — investors are now driving prices to records in smaller, unexpected cities across the Southeast in their push for higher returns.

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