Overbuilding and tenants that are struggling with the pandemic are two possible challenges that the sector might face.

An affiliate of the Green Cities Co. purchased the 295-unit property as a stable investment opportunity given its proven track record and potential value-add opportunities, says a source involved in the deal.

Marketers have had to toss their old playbooks in the era of Covid-19. In many cases this has been a good thing.

According to the report, refinances climbed to 43% of all closed loans for millennials in September, up 3% from the previous month.

The multifamily asset class is still sound, but signs of softness are emerging that may give some investors pause.

According to a November rent report, New York rents have declined 2.8% over the past month, and have decreased sharply by 17% in comparison to the same time last year. Comparable cities nationwide show more affordable rents compared to New York

President of RelatedISG, Craig Studnicky, predicts a strong recovery for the condo market in 2021 thanks to condo sales traction and new developments.

The Chicago Capital Markets Team of Cushman & Wakefield represents Investcorp and Brennan Investment Group in the deal.