There’s Money in Class B, C Multifamily
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Parkway Commons in suburban Carol Stream was one of many 1970s-era developments recently bought
CHICAGO—The lucrative sales of class A multifamily properties, especially ones in the city, typically generate headlines, but underneath the radar many investors have developed an appetite for older suburban product, and theKiser Group felt it was time to publish some research on the topic. The Chicago-based firm just produced a sales data report, the first of its kind on this slice of the sector, and found that in 2015 buyers spent about $642 million on B and C properties in the suburbs, and in 2014, suburban Cook developments alone brought in more than $600 million…
There’s Money in Class B, C Multifamily
