More and more, East and West Coast investors are coming into Midwest markets in search of cheaper assets than what they can find locally. For those targeting the reliable multifamily sector, Chicago’s South Side offers value in spades.
“A lot of coastal real estate has become outrageously expensive, and there’s a lot of money out there trying to produce returns for their investors,” said Lucas Fryman, Managing Partner at Interra Realty. “As spreads get tighter, that causes non-traditional parties to enter markets in search of different opportunities that can get them the returns that they’re promising.”
Read article: RE Journals