CHICAGO—Investors have increasingly given more looks to properties in secondary and tertiary markets, and this has greatly benefitted owners in the Midwest region. And with competition still quite intense for properties in core cities, this state of affairs should continue for the rest of the year.
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.
What kinds of investors are currently most active in the Midwest apartment market, and do you see that changing over the course of 2018?
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
