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.

Lightstone Capital provided the loan to refinance the recently completed multifamily and office property.

With limited bank financing opportunities and longer escrow periods, some sellers are offering financing to close the deal.