MHN PROFILE: Opportunities Still Exist In Chicago For Acquisition Of Lender-Owned Assets, Says Kiser

April 23, 2013

Multi-Housing News recently checked in with Taylor Johnson client Lee Kiser of Kiser Groupfor his take on middle market investment opportunities in Chicagoland. Kiser reports there are still opportunities to acquire small-scale distressed properties, and there’s currently a lot of demand for these types of assets. However, he notes the number of available distressed properties is decreasing, and that, today, many of them are bank-owned. About 35 percent of Kiser Group’s investment sales transactions this year can be labeled as distressed assets-compared to as much as 80 percent and 70 percent in 2010 and 2011 respectively.

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