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chi-fox village (2) Fox Valley Villages in Aurora, IL, just sold for $53.75 million, and the new owner looks at it as a value-add opportunity.

CHICAGO—As reported last week in GlobeSt.com, the Chicago region’s apartment construction boom should continue in the short-term, with rents rising at a healthy rate in 2017, even as developers add another 8,400 units, roughly the same as in 2016. At the same time, lenders have started to become more conservative, at least when it comes to financing new construction, leading some to believe the sector will soon hit a pause. But that pause will probably not seriously dampen the enthusiasm among investors for apartment properties in the metro region.

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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