The buyer, a private investor, was secured and represented by Randolph Taylor, associate, and multifamily investment specialist in Marcus & Millichap’s Chicago Oak Brook office.

The continuing long-term decline in turnover has accelerated recently due fewer tenants moving because of the COVID-19 economic downturn

With developers focused—even obsessed—with the often single, urban, and transient millennial generation in the last decade, families were neglected

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.

Reported by John Chang, Director of Market Research - Marcus and Millichap

Distress investors have been racing to the market in anticipation of snapping up deals. For the most part, they are finding, to some chagrin, that there are little properties and loans available at deep discounts.