Sentences with phrase «midwest multifamily market»

Secondary and tertiary metro areas such as Cleveland, Kansas City and Indianapolis may not offer the sky - high rents and eye - popping investment sales prices seen in core, coastal cities; however, the Midwest multifamily market is still one of considerable strength and opportunity.

Not exact matches

«For new construction and / or rehab projects in the Midwest and other locations, many borrowers are utilizing alternative sources of debt and equity, such as historic tax credits, new market tax credits and EB - 5 funding,» says Jim Doyle, senior vice president at Bellweather Enterprise, a commercial and multifamily mortgage banking company.

Unlike other markets in the Midwest and across the country, there are few worries here that the multifamily market is overbuilt.

The following is a Q&A with Jay Madary, president and CEO of Oak Brook, Ill. - based JVM Realty, regarding the state of the multifamily market in the Midwest.

NRES will seek to invest in predominately market - rate Class A and Class B multifamily properties that have value - add characteristics and are located in selected Midwest and Southwest markets.

Sales rose most in the Midwest, where the contract closings climbed 3.8 percent to a 1.35 million pace from the prior month At the current pace, it would take 4.6 months to sell out housing inventory, compared with 4.7 months in May; less than a five months» supply is a tight market, the Realtors group has said Properties were on the market for 34 days in June, the same as year ago Single - family home sales climbed 0.8 percent to an annual rate of 4.92 million while purchases of multifamily properties increased 3.2 percent to a 650,000 pace First - time buyers accounted for 33 percent of all sales, up from 30 percent in May and the highest share since July 2012 Sales driven in gains among most expensive homes, NAR's Yun said.