Chicago and the Eastern United States have just experienced a record cold February. But, where the economy is concerned, it feels a lot more like July. Yet, despite the strong jobs and employment reports released on Friday March 6th, or perhaps because of them, the markets are in retreat. This is true for both the equity and bond markets and has made for a surprisingly ugly finish to a day that, ostensibly, got off to a really good start…
Crain's features an Albany Park deal brokered by Bill Baumann and Mike Anguiano of Kiser Group.
Cap rates in the multifamily arena seem to be one of the biggest conversations right now as they are at historic lows. Some experts think cap rates could go even lower in 2015, according to Multifamily Executive. Kiser Group’s Senior Managing Director, Bill Baumann, had some enlightening comments in that recent feature discussing the cap rate limbo. Baumann will also share his state of the market outlook at Illinois Real Estate Journal‘s Apartment Summit on March 10th. But before he does that, we wanted to share a couple of cool facts about him with you…
“When you look at the recent rent data, coupled with the demographic and lifestyle trends, people aren’t thinking about what they’ll do if they have to get to the sidelines quickly,” says Bill Baumann, senior managing director at Chicago-based brokerage Kiser Group, (no affiliation with Kiser Institutional Group). “They’ve got a much bigger fear of missing out on the ride in the first place.”
Kiser Group's Senior Managing Director Bill Baumann will be speaking at the Metro-Chicago Apartment Summit Tuesday, March 10th at Germania Place.
Bisnow highlights several recent Kiser Group closings in this week's deal sheet.