Hotel transactions internationally dropped by half in this year's first five months and by 87% in the second quarter compared with the same time frames last year.

Aspen Heights is seeking new development opportunities for multifamily, student housing and active adult housing projects in many strategic areas.

As more companies offer the ability to work from home indefinitely, employees have the option to choose where they want to live for the first time–a shift that is already having a massive impact on the rental industry.

The tech-driven, multifamily operator has opened a new, 223-bed building in partnership with City Pads, in order to provide attainable housing to Illinois Medical District workers.