CHICAGO—Everyone involved in the multifamily sector seems to be talking about millennials and how to make investments that will take advantage of the growing demand from this demographic group. And while many seek to buy massive developments or towers, the Laramar Group is adding to its portfolio by picking up smallish buildings in rising neighborhoods throughout the US.

In July, for example, the Chicago-based firm acquired ten multifamily buildings in three of the country's top markets, adding nearly 300 new units to the firms existing 30,000-unit portfolio. The recent acquisitions include 2404-12 W. Cortland, a 17-unit property in Chicago's Bucktown neighborhood.

“It fits into our urban neighborhood strategy of acquiring and aggregating properties with 10 to 75 units,” Bennet Neuman, senior vice president for Laramar, tells GlobeSt.com. “Bucktown is certainly one of the neighborhoods we really like. It's part of a national trend of areas that attract millennials that have an interest in urban living. Ten years ago this property would have been considered too far west.”