Andrew Daitch of Marcus & Millichap Promoted to Senior Director of National Multi-Housing Group

DETROIT, MI– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Andrew Daitch (top right photo) a senior director of the firm’s National Multi-Housing Group, according to Linwood Thompson, senior vice president and managing director of the firm’s National Multi Housing Group.

Daitch joined Marcus & Millichap in 2000. During his career at Marcus & Millichap, Daitch has closed more than 243 transactions, valued at more than $288 million.

Daitch arranges the sale of multifamily assets in the firm’s Detroit office.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Detroit Apartment Fundamentals Continue to Soften

DETROIT, MI— In the Detroit metro, a weakened employment base continues to place downward pressure on local apartment fundamentals, according to a third-quarter Apartment Research Report by Marcus & Millichap, the nation’s largest real estate investment services firm.

During the past year, steep layoffs have pushed vacancy rates in both Class A and Class B/C complexes higher, with top-tier vacancy rising to its highest level in more than two decades, forcing owners to lower rents.

“Although local apartment assets provide some of the nation’s highest initial yields, investment activity continues to slow due to the high level of distress in the Detroit economy,” says Steven Chaben, (top left photo) regional manager of the Detroit office of Marcus & Millichap.


For additional information on the Detroit market, please contact Stacey Corso, Communications Department, (925) 953-1716