Applegrad pays $31M for Schaumburg apartments Seller paid $47M for a 396-unit property in 2014. Sam “Simcha” Applegrad picked up an apartment complex in the northwest Chicago suburbs for $31 million, adding to the streak of multifamily trades in the area as deal volume for other commercial real estate assets dives while rising interest rates wedge pricing gaps between buyers and sellers.
by Randolph Taylor
Rising interest rates and the proliferation of build-to-rent contributed to a decrease in the average size of U.S. apartment units in 2022 as developers chased yield after two years of pandemic-driven upticks.
by Randolph Taylor
A growing number of large brokerage firms have implemented cost-cutting measures following a steep decline in transactions and capital market activity in the latter half of 2022.
by Randolph Taylor
It’s been reported that people are being priced out of homeownership, forced to settle for another lease, but that’s not the case across the board.
by Randolph Taylor
Ballooning costs in the for-sale housing market have served as an adrenaline shot for apartment demand, driving valuations up. However, ablation pummels the construction industry, and the development pipeline still can't keep up.
by Randolph Taylor
Our current challenges in the industry are short-term. The fact remains that housing is significantly undersupplied at a macro level,
by Randolph Taylor
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