One of the biggest suburban apartment landlords in the U.S. and one of the most active dealmakers in the Chicago area spent nearly $23 million to acquire a vintage Naperville asset

Whether there is a recession in commercial real estate — or whether one is coming for the U.S. economy — depends on where you're standing.

Nationwide multifamily rents in January rose from the prior month for the first time since August 2022, growing by 0.4% nationally, new data shows.

The Apartment.com report forecasts 2023 will see the highest new supply totals since the 1980s as underway projects catch up to market conditions. However, the majority of these will be luxury units. This fact, combined with higher interest rates pricing, would-be buyers out of homeownership, and an eventual tapering off of new construction starts, means that demand for many renters is not going away.

Finance is a hot topic industry-wide, and while much of the concern concerns volatile economic factors, it’s more so the lack of clarity surrounding them. Everyone has different opinions regarding what might or might not happen, but it’s essential to look at the macro picture to find a solution.

DMG Capital, the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG), completed the acquisition of Alice Mae Court, a multifamily townhome portfolio in Orland Park, Illinois, for $5.36 million.