Kiser Group announced the exclusive listing of the University of Chicago Portfolio, two multifamily opportunities located adjacent to the University of Chicago campus. The portfolio will officially hit the market with an asking price of $10 million and current occupancy at 95%.
The University of Chicago Portfolio is being marketed by Lee Kiser and the Birk | Sklar team, including Partners Noah Birk and Aaron Sklar. Formerly owned and operated by the University of Chicago as student dormitories, this portfolio presents a compelling investment with strong in-place cash flow and exceptional value-add potential. Each building in the offering is directly adjacent to campus, providing unparalleled access to a consistent tenant base and long-term leasing stability.
“The chance to acquire former University of Chicago assets at a low per-unit basis—with existing cash flow and future repositioning potential—is virtually unheard of in this location,” said Lee Kiser, Principal and Managing Broker at Kiser Group.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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