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Investors Still Like the Look of Multifamily Fountains at Stone Crest, a 400-unit property in Westmont, IL, one of several properties that Redwood unloaded in the first quarter.

CHICAGO—Redwood Capital Group, LLC, a Chicago-based multifamily investment firm, closed eight multifamily investment transactions during the first quarter of 2016 with a total value of more than $404 million. The transactions include both acquisitions and dispositions, and company officials say all this activity shows there is opportunity for both buyers and sellers of value-add multifamily properties.

“We are tactically taking advantage of certain circumstances when we sell assets,” Redwood partner Dave Carlson tells GlobeSt.com. For one thing, “there is a lot of interest in value-add properties,” the sector Redwood focuses on, and in some markets the company has been able to secure healthy premiums which justify selling. But there is also a lot of potential in buying other, quite similar properties, most of which were built in the 1980s and 1990s.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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