For the Chicago region’s multifamily sector, the current environment marks both a high watermark for development and investment sales, and a tipping point in terms of emerging challenges. These range from obtaining joint venture equity to higher assessment valuations. Connect Media asked Lee & Associates principal Brian Pohl, who specializes in the acquisition, disposition, and placement of real estate investments in greater Chicago and throughout the Midwest, to map out the market’s terrain. Q: Across…
Phoenix Rising: A Tale of Secondary-City Strength
We’ve all heard of the upsurge of traditionally secondary cities, especially as millennial’s establish themselves in markets that provide a host of made-for-the-market amenities. That’s why Lee & Associates’ Todd Braun is bullish on the Phoenix multifamily. August 28, 2019 (PHOENIX, AZ) – Affordability and a healthy return on investments are just two of the reasons why younger renters and diversifying investors are migrating to multifamily opportunities in secondary markets. Arguably no metro in the…