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

Save the Dates: October 19 – 22

 

Texas’ apartment industry continues to enjoy the attention of investors across the country and from abroad. A number of positive tailwinds include:

  • Continued inward migration and new job creation
  • Lower taxes comparatively
  • Relatively mild business disruption due to the pandemic
  • Favorable conditions and attitudes towards developers
  • Fewer rent regulations and restrictions
  • Expired state-level eviction moratoriums

But these encouraging factors do not make Texas multifamily immune to larger forces in the investment community and economy as a whole, such as a shortage of materials and appliances, an increase in cash chasing fewer deals, high land prices, low cap rates, and stagnant wages to support rent increases. Now, as always, it’s challenging to find deals that pencil to buyer’s needs.

Come together with fellow multifamily owners, investors, and developers as well as industry experts and solution providers at the 

Marcus & Millichap / IPA Multifamily Forum: Texas

. This multi-day conference is held online from October 19 to 21 and in-person in Houston on October 22.

Agenda

Register today for the early bird rate.

 

Register Now!
 

Learn More About the Event

 

Topics to be addressed include:

 

New Development

New development
Value Add Investment

Value add investment
Apartment Design

Apartment design
Construction issues

Construction issues

 

New Tech

New technology
Property Management

Property management
Emerging Trends

Local and regional trends
Capital sources

Capital sources
Past Participant Firms (partial list)

 

Alliance Residential Alpha Barnes Real Estate Services AMLI Residential Bridge Investment Camden Living Canyon Partners

 

Cortland CWS Eastham Capital Embrey Equity Residential Fairfield Residential

 

Fannie Mae Freddie Mac Gables Residential Greystar Hillwood Development Hines

 

Invesco Kairoi Residential Legacy Partners Lincoln Property Company LivCor LumaCorp

 

Mill Creek Residential Trust Morgan Group Mosaic Residential Nuveen StreetLights Residential Trammell Crow Residential

 

Trinsic Residential Group USAA Waterton Waypoint Residential Wood Partners ZOM Living

 

Conference Chairs
  Marcus & Millichap IPA  

 

2021 Sponsors

 

Brilliant KWA Construction NV5
  RCLCO Yardi  

 

Conference Organizer

 

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

Vaccinations, Stimulus and Interest Rates

Trends Driving the Real Estate Market

 
  • Commercial Real Estate sales and pricing trends – what to expect in 2021
  • Recalibrating real estate strategies – street level intel from across the U.S.
  • Latest investor sentiment results – the outlook for real estate performance and values
  • Finding opportunities in Industrial, Multifamily, Office and Retail investments
FEATURING
John Chang
John Chang
Senior Vice President,

Research Services

 
Alan L. Pontius
Alan L. Pontius
Senior Vice President,

Office & Industrial

 
John S. Sebree
John S. Sebree
Senior Vice President,

Multifamily

Daniel M. Taub
Daniel M. Taub
Senior Vice President,

Retail

 
Tuesday, April 27, 2021

1:00 p.m. Pacific | 4:00 p.m. Eastern

 

Register Now

 


 

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

Year after year, the Marcus & Millichap Multifamily Forum: Mid Atlantic brings together multifamily developers, investors, owners and operators active in DC, Northern Virginia, Maryland, Delaware, Eastern Pennsylvania and South Jersey to create a marketplace for learning, discovery, networking and deal making. The sessions address the major issues affecting the apartment industry today, and the networking opportunities allow multi-housing principals to meet, talk and source deals and investment capital.

Join this year’s conference in a reimagined ONLINE format designed specifically to recreate the in-person networking event experience through a special platform that combines content sessions with real time networking. Spanning five days from March 22 to March 26, the conference has been organized in brief, easy-to-consume portions to minimize disruption to your work and personal life.

Reasons to Attend:

  • Find out what top multifamily owners, managers, developers and investors are thinking
  • Get the latest information on equity and debt financing for multifamily properties
  • Learn how the new administration and vaccine rollout are affecting the multifamily industry
  • Discover the current thinking regarding distressed buying opportunities
  • Explore how multifamily value-add rehab strategies have changed
  • Identify new technology that is now suddenly more useful and relevant
  • Meet future capital and operating partners for your next multifamily deal
  • Connect directly one-on-one or in small groups before and after each panel discussion

 

Register today for the early bird rate of $49

Use promo code MM
 

Register Now!
 

Learn More About the Event

 

Speakers & Featured Participants

 

Ari Abramson

Ari Abramson
SVP – Acquisitions
CRC Development

Michael Belka

Michael Belka
Chief Operating Officer
Harbor Group International

Sean Beuche

Sean Beuche
Regional Manager – Philadelphia
Marcus & Millichap

 

Nickolay Bochilo

Nickolay Bochilo
EVP – Investments
Bell Partners

Alisa Brem Rosenberg

Alisa Brem Rosenberg
Managing Director
Development
Republic Properties Corp.

Victoria Davis

Victoria Davis
Managing Partner
Urban Atlantic

 

Michael D'Onofrio

Michael D’Onofrio
Managing Director
Engineered Tax Services

Josh Dix

Josh Dix
Principal
Trammell Crow Company

Kim Hoover

Kim Hoover
Chief Executive Officer
RED Multifamily Development

 

Brian Hosey

Brian Hosey
VP & District Manager
Washington D.C.
Marcus & Millichap

Richard Katzenstein

Richard Katzenstein
SVP & National Director
Marcus & Millichap
Capital Corporation

Caroline Kenney

Caroline Kenney
Managing Director
Urban Atlantic

 

Mae Klinger

Mae Klinger
Partner & VP
Asset Management
Insight Property Group

Gregory Lamb

Gregory Lamb
Managing Partner
Jefferson Apartment Group

Josh Posnick

Josh Posnick
Managing Director
Development
Mill Creek Residential Trust

 

Bill Revers

Bill Revers
SVP – Acquisitions
Fairfield Residential

Doug Root

Doug Root
Co-Founder & Managing Partner
Blackfin Real Estate Investors

Jacob Rosenberg

Jacob Rosenberg
Director – Investments
Carmel Partners

 

Jessica Scully

Jessica Scully
President
Scully Company

Shawn Seaman

Shawn Seaman
President
Hoffman & Associates

John S. Sebree

John S. Sebree
Senior Vice President
Multifamily
Marcus & Millichap

 

Maury Stern

Maury Stern
Partner
Insight Property Group

Mark Stewart

Mark Stewart
Chief Investment Officer
Bainbridge Companies

Pamela Tyrrell

Pamela Tyrrell
EVP – Multifamily Development
Kettler

 

Jamie Weinbaum

Jamie Weinbaum
Executive Vice President
Mid-City Financial Corporation

Katie Wiacek

Katie Wiacek
Managing Director
Hines

Stephanie Williams

Stephanie Williams
President
The Bozzuto Group

 

Scott Zimmerly

Scott Zimmerly
Executive Managing Director
Wood Partners

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