Multifamily Investment Sales Broker at Marcus & Millichap
P: 630.570.2246
Randolph Taylor

Has the Apartment Real Estate Market Changed Forever?

The Health Crisis has structurally changed life in America and many facets of the multifamily investment market. But will the changes continue once a medical solution stems from the life-or-death risks of the pandemic? Will things return to normal or has the definition of normal been rewritten?

  • Metros that have gained and lost because of the pandemic
  • Why suburban apartments have outperformed and what that means for investors
  • The role public policies like stimulus and eviction moratoriums will play
  • How apartment pricing, distress, and the transaction market will evolve

General Information

  • Wednesday, December 9, 2020
  • 1:00 p.m. Pacific/4:00 p.m. Eastern
  • 60-Minute Live Video Webcast 
  • REGISTER NOW

 

Hosted by

  • John S. Sebree, Senior Vice President, Multifamily Division

 

Featuring  

  • Diane Batayeh, Chief Executive Officer, Village Green
  • Bob Nicolls, Chief Executive Officer, Monarch
  • John Chang, Senior Vice President, Research Services

 

Multifamily Investment Sales Broker at Marcus & Millichap
P: 630.570.2246
Randolph Taylor

 

 

 

 

 

Multifamily Investment Sales Broker at Marcus & Millichap
P: 630.570.2246
Randolph Taylor

 

 

Multifamily Investment Sales Broker at Marcus & Millichap
P: 630.570.2246
Randolph Taylor

A Turning Point or Shifting Currents?
Navigating Markets and Leading Through Change

Featuring

Host:

Hessam Nadji

Hessam Nadji
President & CEO
Marcus & Millichap

 

Panelists:

Doug Bibby

Doug Bibby
President
NMHC

 

 

Tom Bisacquino

Tom Bisacquino
President & CEO
NAIOP

 

 

Wendy Mann

Wendy Mann
CEO
CREW Network

 

 

Tom McGee

Tom McGee
President & CEO
ICSC
Cut through the headlines with forward-looking insights on adapting to a rapidly evolving world. Join us for a one-hour webcast featuring Marcus & Millichap CEO’s latest market overview followed by:

  • Real Estate in the Post-Pandemic World: Cyclical Recovery vs. Structural Changes
  • Current and Near-Term Asset Performance: Rents, Occupancies, Distress, and Investment Strategy
  • Leadership: The Human and Psychological Sides of the Health and Economic Crises
  • Elections, Public Policy, Stimulus: What to Expect and the Path for Coming Together
Thursday, October 15, 2020
1:00 p.m. Pacific/4:00 p.m. Eastern

REGISTER FOR WEBINAR

Multifamily Investment Sales Broker at Marcus & Millichap
P: 630.570.2246
Randolph Taylor

call for offers Due: Wednesday 10/7/2020

 

 

 

Victorian Apartments

800-834 Victoria Dr. Montgomery, IL 60538

Listing Price: $14,500,000

Cap Rate 6.38%
Number of Units 152
GRM 8.30
Occupancy 96%
Price/Unit $95395
Price/Gross SF $135.14
Gross SF 107200

View Listing Documents

Investment Highlights

  • 152 Unit Suburban Multifamily Property
  • 32 Studios, 72 One-Bedrooms & 48 Two-Bedrooms
  • Clubhouse with Office, Laundry Facilities, Fitness Area, Outdoor Pool, and Courtyard
  • Located in Montgomery Illinois | 40 Miles Southwest of Downtown Chicago
  • Many Upgraded Kitchens and Baths
  • Tenant Paid Electric Baseboard Heat
  • Value-add component, upside in rents

Map Overview

Investment Overview

Marcus & Millichap is proud to present to market Victorian Apartments, a 152-unit apartment community located in west suburban Montgomery, Illinois bordering Kendall County to the South, the fastest growing county in Illinois, and the City of Aurora, IL to the East, the second-largest city in Illinois. The subject property is approximately 40 miles southwest of downtown Chicago.

Victorian Apartments consists of 16 two and three-story apartment buildings and clubhouse spread out over almost 10 acres; offering 32 large studios, 72 one-bedrooms, and 48 two-bedroom apartment homes.​​​ Community amenities include a clubhouse, an on-site management office, laundry facilities, a fitness area, an outdoor pool, a central courtyard area with a playground, and ample off-street parking.​​​

Each unit has separately metered, tenant paid, low maintenance, electric baseboard heating, and ac sleeve units.​​​ Approximately 60 percent of units have recently updated kitchens & baths as well as other capital improvement made including new windows, parking lot repairs, replacement of all deck footings & supports an updated intercom system with integrated Alexa. Roofs are in good condition approximately 10-12 years old.

There is investor upside in this multifamily offering through the continued renewal and releasing of under-market rents. Further upside may also be realized in future years from job growth and economic development in the area through the redevelopment of the recently sold 350-acre former Caterpillar manufacturing complex minutes from the property.

 

Multifamily Investment Sales Broker at Marcus & Millichap
P: 630.570.2246
Randolph Taylor

The new normal may simply be business as (un)usual, but amid the changes and uncertainty, some things remain the same: Marcus & Millichap is executing transactions, solving problems, and finding opportunities for our clients. And even now, during this market disruption, our second-quarter results reflect the power of our platform to create value and real estate wealth for our clients now and into the future.

SECOND QUARTER RESULTS

 
 

A TRADITION OF DELIVERING FOR OUR CLIENTS

Even though the global health crisis has affected different markets in different ways, our core principles have continued to help our clients close transactions and achieve their investment goals as they have for nearly 50 years. 
 

SPECIALIZATION

Specialized market knowledge gives our investment specialists unmatched insights and expertise to produce exceptional results for our clients.
 

UNPARALLELED ACCESS

With the largest inventory of exclusive listings, we match buyers with opportunities, listings with qualified investors.
 

COLLABORATION

The industry’s largest sales force works together to identify new sources of capital and move it seamlessly across geographies and property types.
 

COMPLETE BROKERAGE

Our comprehensive suite of tools helps with everything from research to marketing to financing. It’s everything you need, every step of the way.
Multifamily Investment Sales Broker at Marcus & Millichap
P: 630.570.2246
Randolph Taylor

 

Marcus & Millichap Clients aren’t bound by Geographic Boundaries. 

Our interconnected team, large proprietary platform, and national network allows us to effortlessly move capital around the country. 


Real Estate Investment Sales |  Financing  |  Research  |  Advisory Services

 

 

As of trailing 12 months through 2Q 2020 Sources: Marcus & Millichap Research Services, Mnet

Multifamily Investment Sales Broker at Marcus & Millichap
P: 630.570.2246
Randolph Taylor


(click to play video below)

Low Rates Create Favorable Real Estate Investment Climate

 

 

 

Multifamily Investment Sales Broker at Marcus & Millichap
P: 630.570.2246
Randolph Taylor

 

Attend the  Marcus & Millichap Multifamily Forum: Southern California beginning tomorrow, Tuesday, August 11 through Thursday, August 20! Join Marcus & Millichap’s Senior Vice President – Multifamily Division, John S. Sebree, on August 11 at the Multifamily State of Market: National vs. Southern California. He will present the current market environment, comparing trends across Southern California with key comparable apartment markets across the country.

Don’t miss the Rent Control: Regulatory Update session on August 13. Hear the latest on the regulatory climate and how it may play out once the public health crisis has passed. Could Prop 10 2.0 be on the ballot this fall?

Be sure to attend the New Exclusive Investment Opportunities Showcase on August 18. We will guide you through our newest exclusive inventory and latest price reductions across the U.S. and Canada. A digital book containing these listings will be available to attendees.

Reasons to Attend:

  • Find out what top multifamily players are thinking and doing in the SoCal markets
  • Get the latest information on equity and debt financing for multifamily properties
  • Learn how the pandemic has affected your peers’ business and what they are doing
  • Pool your ideas on reopening plans and social amenity usage best practices
  • Discover the current thinking regarding future distressed buying opportunities
  • Explore how multifamily value add rehab is changing in light of the public health crisis
  • Identify new technology that is now suddenly more useful and relevant
  • Connect directly through one of the group networking discussions or the happy hour

What You Get:

  • 5 panels held on separate days to minimize the disruption to your schedule
  • Recordings of each session to allow you to view or review when you like
  • Topical 30-minute group networking sessions following each panel
  • Closing 60-minute networking session with 8-person breakouts remixed every 12 minutes

Conference Highlights:

  • Multifamily State of the Market
  • Keynote Interview with Bob Hart, CEO of TruAmerica
  • Rent Control: A Regulatory Update
  • Multifamily Investment & Finance Velocity and Deal Flow
  • New Exclusive Investment Opportunities Showcase
  • Special Workshop on New Tax Credits & Ancillary Income Opportunities

 

As a friend of

Marcus & Millichap

 

Use promo code MM100 when you register
 

Register Now!
 

Learn More About the Event

 

Southern California Multifamily Online Conference 2020 Agenda
August 11 – 20, 2020

 

August 11
10:00 AM PDT
  Multifamily State of Market:
National vs. Southern CaliforniaMarcus & Millichap’s Senior Vice President – Multifamily Division, John S. Sebree, will present the current state of the market, comparing and contrasting trends across Southern California with key comparable apartment markets across the country. Learn how supply and demand for apartments interplay for key cities across Southern California and the West Coast, as well as key indicators of how the pandemic is shaping demand, rents and delivery of new units.

 

August 11
11:00 AM PDT
  Group Networking Session:
Economic, Demographic & Development TrendsJoin this special networking session to discuss and debate key industry trends. Anticipated topics include: Future Demand: Suburban vs Urban, Distressed Investing Outlook, Economic & Demographic Changes.

 

August 12
10:00 AM PDT
  Hero or Zero? The Future of Apartment Development & Investment Across Southern California

We are in unprecedented times. The state of the market 12 months ago seems like a bygone era. Just a short while ago, the biggest concern was rent control. That seems like a million years ago now. In 2020, we are faced with a global pandemic, social unrest and massive unemployment. And what’s more, California’s plans to reopen have been stymied for the time being. Developers are itching to get their pipelines restarted, while investors sit on the sidelines with piles of cash waiting to see how things will play out. How are these factors impacting the apartment industry across Southern California?

 

August 12
11:00 AM PDT
  Group Networking Session:
Apartment Development & InvestmentJoin this special networking session to discuss and debate issues raised in the Apartment Development & Investment panel. Anticipated topics include: Acquisitions & Equity Investment Headaches, Development & Construction Challenges, Construction Costs, Labor & Materials, among others.

 

August 13
10:00 AM PDT
  Rent Control? Ah, Yes, Those Were the Good Ol’ Days:
A Regulatory UpdateRemember 2019 and how the legislature somehow got rent control passed despite it being shot down by the voters of California? Remember what a terrible time that seemed? Welcome to the dystopian future where public health crises, eviction moratoriums and rent strikes are the new normal. Join this special session to hear the latest on the regulatory environment in a mid-pandemic world and how this will likely play out once the public health crisis has passed. What are the governor, the state legislatures, and the local mayors and councils doing, and how will it affect your multifamily business? Specifically, what is on the ballot for this fall? Prop 10 2.0?

 

August 13
11:00 AM PDT
  Group Networking Session:
Impact of Multifamily RegulationsJoin this special networking session to discuss and debate issues raised in the Multifamily Regulatory Update panel. Anticipated topics include: Rental Rates, Payments & Vacancy Problems, Eviction Moratoriums, Rent Strikes, Rent Cancellation, November 2020 Ballot Initiatives, among others.

 

August 14
10:00 AM PDT
  Elections, Viruses & Protests, Oh My!:
Multifamily Investment, Finance Velocity & Deal Flow in a Topsy-Turvy WorldIn the spring, the pandemic had derailed most deals, with only the most motivated of sellers proceeding to close. Meanwhile, equity sources largely pulled back waiting to see how the pandemic, unemployment and reopenings will affect rent payments, rent levels and occupancy rates, among other key metrics. Now that we’ve seen that rent collections are much better than feared, buyers are re-entering the market, driving new deals forward, some at discounts and some at or above pre-COVID prices. Lenders as well are starting to re-engage at acceptable LTVs. What’s next for multifamily capital markets, and will there be special opportunities created by the pandemic? Join this special online panel to learn more about the state of capital markets, both debt and equity for multifamily deals across Southern California.

 

August 14
11:00 AM PDT
  Group Networking Session:
Multifamily Debt & Equity SourcingJoin this special networking session to discuss and debate issues raised in the Multifamily Finance panel. Anticipated topics include: Deal Syndication & Equity Fundraising, Fund Formation, Refinancing & Borrowing Challenges, Mortgage Forbearance, among others.

 

August 17
10:00 AM PDT
  Keynote: Bob Hart, President & CEO, TruAmerica Multifamily

 

August 17
11:00 AM PDT
  VIP Networking Session: Invitation Required

Reserved for select multifamily principal attendees, speakers and conference sponsors, this special VIP reception allows industry leaders to connect directly.

 

August 18
10:00 AM PDT
  New Exclusive Investment Opportunities Showcase

Join us for a 1-hour new exclusive investment opportunities presentation. The session will guide you through our inventory across the United States and Canada. These listings have been brought to the market in the last six weeks and include new price reductions! A digital booklet containing these listings will be available to attendees of this session.

 

August 18
11:00 AM PDT
  Group Networking Session:
Property Management / Multifamily OperationsJoin this special networking session to discuss and debate issues raised in the Multifamily Property Management panel. Anticipated topics include: Reopening Plans & Amenity Usage, Staff & Resident Safety Amid COVID, Touchless Technology & Remote Management, among others.

 

August 19
8:30 AM PDT
  Private Roundtable for Multifamily Development Leaders (Invitation Required*)

This 90-minute online session is exclusive to multifamily development leaders.

 

August 19
10:00 AM PDT
  The New Normal:
Updated Strategies to Rethink the Rehab GameClass C properties have been hit hardest by unemployment and non-payment of rent, while Class A properties have thus far been unscathed, although a prolonged period of economic depression could change that. The typical Value-Add strategy involves buying up B and C properties and upgrading them, if not to Class A, at least to a higher quality product that attracts higher paying tenants. How has the pandemic changed all that, and what is the outlook for the value-add rehab model?

 

August 19
11:00 AM PDT
  Group Networking Session:
Value Add Investing & Renovation StrategiesJoin this special networking session to discuss and debate issues raised in the Multifamily Value Add panel. Anticipated topics include: Value-Add Business Plan Changes, Changes to Amenities in Light of COVID, Rehabbing Units During the Pandemic, among others.

 

August 20
10:00 AM PDT
  Get More Now:
New Tax Credit & Incremental Ancillary Income Opportunities Workshop

 

August 20
11:00 AM PDT
  Southern California Multifamily Networking Reception

Join this special closing networking reception to connect with other attendees, meet new folks and reignite existing relationships. Breakout groups of 8 are remixed every 12 minutes to allow for a dynamic and fun way to wind up the conference.

 

*Contact Samantha Williams 

([email protected])

 to inquire.

 

Get Involved!

 

Register Now!
 
 
Registration:

Marissa Monroe
Registration Coordinator
E-mail Me

 

 

 

Keynote Speaker

 

Bob Hart

Bob Hart
President & CEO
TruAmerica Multifamily

 

Speakers

 

Simon Aftalion

Simon Aftalion
Development Director
Markwood

Barry Altshuler

Barry Altshuler
EVP – Investments
Equity Residential

Tom Bannon

Tom Bannon
Chief Executive Officer
California Apartment Association

 

Ash Baraghoush

Ash Baraghoush
Managing Director – Investments
Hanover Financial

Marshall BoydMarshall Boyd
Chief Executive Officer
Interstate Equities
Rachel Davidson

Rachel Davidson
Chief Administrative Officer
Alliance Residential Company

 

Jonathan EpsteinJonathan Epstein
Managing Director
BentallGreenOak
Kevin Kaberna

Kevin Kaberna
Sr. Managing Director Investment
Greystar

Paul Kaseburg

Paul Kaseburg
Chief Investment Officer
MG Properties Group

 

Paul Keller

Paul Keller
Chairman
Mack Real Estate Development

Jim Lapides

Jim Lapides
Vice President
National Multifamily Housing Council

John Millham

John Millham
President
Prometheus Real Estate Group

 

Alexa Mizrahi

Alexa Mizrahi
Director of Loan Origination
Lone Oak Fund

Chad Sanderson

Chad Sanderson
Senior Principal
Bascom Group

Neil Shekhter

Neil Shekhter
Chief Executive Officer
NMS Properties

 

Ryan Somers

Ryan Somers
President & CEO
Benedict Canyon Equities

Michael Sorochinsky

Michael Sorochinsky
Founder & CEO
Cypress Equity Investments

Steven Taylor

Steven Taylor
Managing Partner & Founder
Ness Holdings

 

Nick Vanderboom

Nick Vanderboom
Chief Operating Officer
Related California

Keith Wasserman

Keith Wasserman
Partner
Gelt

Mike D'Onofrio

Mike D’Onofrio
Managing Director
Engineered Tax Services

 

Jim Markel

Jim Markel
VP & Regional Manager, Encino
Marcus & Millichap

Scé Pike

Scé Pike
CEO & Co-Founder
IOTAS

Mike Rovner

Mike Rovner
CEO
Mike Rovner Construction

 

John Sebree

John S. Sebree
SVP – Multifamily Division
Marcus & Millichap

Tony Solomon

Tony Solomon
SVP & National Director
Marcus & Millichap
Capital Corporation

 

Conference Chair
Marcus & Millichap

 

2020 Sponsors

 

Engineered Tax Services IOTAS Jetty
Lone Oak Fund Mike Rovner Construction Turnaround Solutions

 

CONFERENCE ORGANIZER

 

Powered by GreenPearl
Multifamily Investment Sales Broker at Marcus & Millichap
P: 630.570.2246
Randolph Taylor

 

Join the Marcus & Millichap Multifamily Forum Chicago & the Midwest in a re-imagined, all-digital, online conference format.

About this Event

>> Conference website: greenpearl.com/multifamily/chicago/

Global pandemic, massive unemployment, nationwide social unrest. 2020’s free trial period has expired, and we are stuck with this lemon. How do we make lemonade out of it?

Join the Marcus & Millichap Multifamily Forum: Chicago & the Midwest in a re-imagined, all-digital, online conference format. Spanning ten days from July 21 through July 30, the conference has been organized in brief, easy-to-consume portions to minimize disruption to your work and personal life. Join live to interact directly with speakers through the Q&A feature, or view the recordings on your own time. Either way, don’t miss the group networking discussions that will allow you to connect with your peers directly to forge new connections and reestablish existing relationships.

Reasons to Attend:

  • Find out what top multifamily owners, managers, developers, and investors are thinking and doing in the Midwest markets
  • Get the latest information on equity and debt financing for multifamily properties
  • Learn how the pandemic has affected your peers’ business and what they are doing about it
  • Pool your ideas on reopening plans and social amenity usage best practices
  • Discover the current thinking regarding future distressed buying opportunities
  • Explore how multifamily value add rehab is changing in light of the public health crisis
  • Identify new technology that is now suddenly more useful and relevant
  • Connect directly through one or more of the group networking discussions or the happy hour

What You Get:

  • 6 panels organized on different days to minimize the disruption to your schedule
  • Links to recordings of each panel to allow you to view or review when you like
  • Access to online group networking discussions (sessions are limited in size)
  • Access to the online group happy hour (limited in size, first come first serve)

 

REGISTER