Do investors buy higher sq.ft. apartments for same rental yields?

[Adham Alkhaja]

I have recently realized that investors prefer to buy an apartment with a higher square footage (for a higher price) even though the rent is the same in the area.

For example, let's say we have a 500 sq. ft. one-bedroom apartment which costs $10,000 and another 800 sq. ft. one-bedroom apartment which costs $20,000. The investor would rather buy the one with a higher sq. ft. at a higher price even though the rent is the same for both apartments. (the numbers are not accurate and just used for the example)

Is this true? and if yes, why?