Multifamily Rent Growth More Sustainable in the Midwest

Jay Madary of JVM Realty.

CHICAGO—The multifamily market has been incredibly robust across much of the US for years, including the Midwest. But there are significant differences between the coastal markets such as San Francisco and New York, where sky-high rents have driven sales prices into historic territory, and the slower, steadier markets of the Midwest.

GlobeSt.com sat down to talk about the current state and future prospects of the region’s multifamily market with Jay Madary, president and chief executive officer of JVM Realty Corp., an Oak Brook, IL-based owner and operator of class A and B garden-style and mid-rise apartment communities in secondary and tertiary markets in the greater Midwest. The company’s portfolio consists of communities in suburban Chicago; Cleveland; Indianapolis; Kansas City; and Tulsa, OK.