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| Lee Kiser |
CHICAGO, IL –
Chicago-based Kiser Group, a boutique multifamily brokerage firm specializing
in mid-market properties, announced it has recently brokered 15 multifamily
sales totaling $14.88 million throughout Chicago and adjacent suburbs.
The largest transaction,
valued at $4.3 million, was the sale of 18 condominiums in a 20-unit building
in Chicago’s Uptown neighborhood.
Other notable sales
include a 34-unit vintage apartment building in Cicero, Ill.; and, in Chicago,
a 36-unit building in Woodlawn, a five-unit building in Hyde Park and a
nine-unit building in Ukrainian Village.
“Mid-market multifamily
properties saw a surge of investor interest over the summer from a tighter flow
of available inventory simultaneous with an increase in investor demand, and we
anticipate the trend will continue throughout 2016,” said Lee Kiser, principal and managing broker of Kiser Group.
“With so many millennials
and empty nesters opting to rent, and the return on investment for apartments
far exceeding that of condos, developers and investors are seeking high-quality
rental buildings to boost the performance of their portfolios.”
For a complete copy of the company’s news release,
please contact:
Cara Mooses,
cmooses@taylorjohnson.com, (312) 267-4523
Abe Tekippe,
atekippe@taylorjohnson.com, (312) 267-4528
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