Following the Chicago-based firm's purchase of 50 Post Office Square in December 2015 for a reported price of more than $290 million, the firm's capital improvements at the property have paid dividends.

With luxury student housing more common for gen-Z, the demographic is entering the apartment market with very different expectations than millennials.

Majestic Realty Co. continues to expand its footprint in the Portland region including speculative developments, build-to-suit opportunities, lease ups and new land acquisitions.

“We are seeing more foreign capital purchase assets in the Philadelphia region, which is driving up pricing," says Ken Wellar, managing partner of RRA.