Noah BirkCHICAGO–Opportunity Zones are creating strong investor demand especially in the city's south side neighborhoods. This demand allowed Kiser Group to sell 54 multifamily buildings in the area during 2018 – a number the company expects to exceed in the year ahead.
“Our forecasts and projections are absolutely exceeding our 2018 figures,” Director Aaron Sklar, tells GlobeSt.com. “Currently, we have a stronger pipeline of both available and in-contract properties, and there seems to be no slow down.”
Notable deals inked in 2018 include the 22-unit 7001 S. Chappel, which sold for $2.5 million – the highest price per unit in the south shore; the 16-unit 720 W. 47th, which sold for $2.5 million; and a 6-building, 124-unit portfolio which sold for $6.3 million.
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