July 18, 2006
The lack of class A apartment product is one factor influencing the multifamily market. "The worst property is at 98% occupancy," said Jim Loewenberg, co-CEO, Magellan Development during a panel discussion at the fourth annual RealShare Chicago. Matthew Lawton, senior managing director, Holliday Fenoglio Fowler explained that condo conversions have slowed down. "Multifamily owners have been capitalizing on the sales to convert, especially within the investor pool." Nearly 400 industry insiders attended the conference, which…