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

Multifamily housing demand remains strong. Given rising mortgage rates and home prices, people may be forced to rent for longer due to decreasing affordability.

There are a number of reasons why people sell commercial property too late including Complacency, Ownership and Identity, Loss Aversion and Self Reliance Time Traps

Suburban Chicago ended the year as the country’s 18th most competitive rental market, according to RentCafe. Nearly 70% of renters here decided to stay put and renew their leases, further driving competition—close to 17 renters applied for each available unit, a number well-above the national average.

Date: January 17, 2023 Time: 11 a.m. - 1 p.m CST Join eXp Commercial President James Huang and Economist KC Conway on January 17 for a fireside chat as they discuss the state of the 2023 economy and how you can prepare your business for success in the changing market.

Real-time data helps multifamily leaders make better decisions, faster; ultimately being the key to driving NOI.