Laramar Group Acquires Ten MF Properties

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.