Tag Archives: Apartments

Apartment Owners Report Improving Sales, Other Conditions

Central Courtyard

National apartment conditions could be showing signs of improvement, according to apartment owners then responded to the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions.

NMHC Rent Payment Tracker Finds 86.2 Percent of Apartment Households Paid Rent as of September 13

This is a 2.4-percentage point, or 279,457-household decrease from the share who paid rent through September 13, 2019, and compares to 86.9 percent that had paid by August 13, 2020.

Apartment Survey Finds August Rent Payments Held Up Fairly Well

The National Multifamily Housing Council reported that 79.3 percent of surveyed households made a full or partial rent payment by August 6. That’s slightly better than last month’s 77.4 percent, and just shy of the August 2019 level of 81.2, according to  NMHC’s Rent Payment Tracker .

No, the eviction moratorium was not extended this weekend. Everything you need to know

If you live in a property covered by the CARES Act, landlords can now legally ask you to leave and start charging late fees, but the soonest they can legally file an eviction to force you to leave is Aug. 24.

NMHC Rent Payment Tracker Finds 80.8 Percent of Apartment Households Paid Rent as of June 6

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.8 percent of apartment households made a full or partial rent payment by June 6 in its survey of 11.5 million units of professionally managed apartment units across the country.

Live Webcast – Global Health Crisis Real Estate Investment & Financing

Most Up-to-Date Economic Assessment, Government Initiatives and Potential Impact, State of the Real Estate Financing and Transaction Markets, Challenges and Opportunities by Property Type

Just Sold 18 Unit Multifamily Property South Suburban Chicago IL

Just Sold 18 Unit Multifamily Property South Suburban Chicago IL – 18 Unit Multifamily Property Sold – 12 Two-Bedrooms/6 One Bedrooms, Exclusively Listed and Sold by Randolph Taylor with Marcus & Millichap, Located in South Suburban Chicago Blue Island, IL

Just Closed – 84 Unit Apartment Community Blue Island IL

Follow me
Multifamily Investment Sales Broker at eXp Commercial
Randolph is a Multifamily Investment Sales Broker servicing Multifamily Buyers and Sellers in the Greater Chicago Area.
P 630.474,6441
E [email protected]
Randolph Taylor
Follow me

Price Reduced 22 Unit Multifamily 10.5% Cap Rate

Price Reduced 22 Unit Multifamily 10.5% Cap Rate

Marcus & Millichap is proud to present for sale a fully-occupied high yielding 22-unit multifamily portfolio in the western Illinois city of Macomb, home of Western Illinois
University. Offering generous rates of return, this portfolio is composed of six separate properties in close proximity to one another consisting of nine two-bedrooms, eight
one-bedrooms, and five studios.

Low Unemployment Fuels Housing Demand, Favors Apartments

Tight labor market curbs job creation. The U.S. economy added 20,000 jobs in February, the lowest monthly total since September 2017. While the partial government shutdown and winter storms contributed to last month’s meager showing, the pace of hiring should recover in March.

That downtown apartment glut? Never mind

A construction wave was supposed to test the downtown market this year, with competition from 4,400 new apartments—an annual record—hampering landlords’ ability to keep hiking rents and possibly even pushing rents down. Overbuilding often ends real estate booms, and the risk of that happening in Chicago seemed to be growing at the end of last year.

Marcus and Millichap National Property Marketing & Advertising

Marcus and Millichap closes more real estate investment sales than any other brokerage firm—over 60% of which involve a 1031 Exchange. Our leading market position, coupled with extensive investor relationships, gives us access to the largest pool of qualified buyers, including exchange buyers.

Apartment Housing Demand Remains Strong; Investors Pursue Yield to Broader Range of Markets

The apartment sector notched another healthy quarterly performance as the resounding strength of the employment market sustains demand for rentals. Class B and C units maintained particularly tight vacancy levels, delivering solid rent growth. Markets with elevated construction levels could face pockets of heightened competition as new apartment facilities go through lease-up.

Class B and Class C Apartments Poised for Gains

Class B and Class C Apartments Poised for Gains

A large percentage of these newly formed households will have a high propensity to rent and be drawn to Class B and C apartments. The expanding demand for Class B and Class C properties will keep their vacancy rates tight and uphold rent growth that has outpaced Class A properties, which are contending with elevated supply additions.

Apartment Demand Paces Elevated Construction

Underlying demand for apartments remains strong as a robust labor market and positive demographic trends support healthy unit absorption, despite mounting supply pressure. Moving forward, modest performance gains are expected on the national level as the market continues to digest the aggressive development pipeline.

Millennial Homeownership Edging Higher, Young Adults Still Favor Apartment Lifestyle 

Follow me
Multifamily Investment Sales Broker at eXp Commercial
Randolph is a Multifamily Investment Sales Broker servicing Multifamily Buyers and Sellers in the Greater Chicago Area.
P 630.474,6441
E [email protected]
Randolph Taylor
Follow me

                   Research Brief August 2017 HOUSING       Developing Trends   ■ Apartment construction appears likely to peak this year as more than 370,000 units are slated for delivery, up from 290,000 apartments in 2016. The majority of new supply is concentrated in luxury, Class A […]

2018 Marcus and Millichap North American Multifamily Forecast

Apartment investments will maintain a positive outlook in 2018 as the combination of steady job creation, healthy demographics and an accelerating pace of household formation sustains renter demand. The consistent ow of newly developed units, a top of mind consideration for many investors, increased competition for Class A apartment assets in cities with disproportionate deliveries. The effects of the additions tend to be concentrated, and the deliveries will wane in the coming year, supporting sound performance metrics in
most markets. Class B and C workforce housing will continue to outperform as vacancies in these properties remain at historical lows, enabling owners to justify strong rent growth.

Apartment investments are bullish nationally, more nuanced in Chicago

A combination of job growth, healthy demographics and accelerated household formation creates a rosy outlook for apartment investments in the coming year. For Chicago, location and property type should be taken into consideration. This is according to Marcus & Millichap’s 2018 Multifamily North American Investment Forecast.

Good times roll on for suburban apartment landlords

Follow me
Multifamily Investment Sales Broker at eXp Commercial
Randolph is a Multifamily Investment Sales Broker servicing Multifamily Buyers and Sellers in the Greater Chicago Area.
P 630.474,6441
E [email protected]
Randolph Taylor
Follow me

  If you own an apartment building in downtown Chicago, the grass looks a lot greener out in the suburbs right now. With developers adding thousands of apartments to the city skyline, the supply of downtown units is exceeding demand, dragging down rents. But that’s not the case in the suburbs, where development also has […]

US Apartment Demand Bounces Back from Slow Down in Early 2017

Renter demand for apartments continued to accelerate in the third quarter of 2017 as the market absorbed more than 70,000 units and the overall national vacancy rate for U.S. apartments continued to trend lower after turning sharply up at the end of last year.

Big deals heat up west suburban apartment market

The burst of investment activity suggests that the suburban Chicago apartment market is still going strong after a record year for multifamily sales in 2016. Suburban rents are rising at a slow, steady pace, and developers haven’t gotten carried away with new projects, giving investors the confidence that they will continue to generate attractive returns by buying apartments here.