With a total transaction volume of nearly $200 million across both seller and buyer representation in Q1 2023, Kiser Group is carrying an incredible momentum into 2023. Our brokers were finalists for the Private Capital Markets Investment Broker of the Year of 2022 award at the Greater Chicago Food Depository awards in March. With a trajectory of a record quarter in the books, Kiser Group has more than $150 million worth of property on the market, with an additional $80 million under contract. Lee Kiser details what Kiser Group is looking forward to in Q2 2023:
“Kiser Group continues to represent a growing list of clients in markets including greater Chicago, downstate Illinois, Indiana, and other states in the Midwest,” said Kiser Group Principal and Managing Broker Lee Kiser. “Although transactions year-to-date for the multifamily industry are lower than historical, Kiser Group’s pipeline suggests that our 2023 pipeline is defying the greater market trend. I am proud of the focus and determination of all our advisors.”
In addition to Kiser Group’s success, Andy Friedman and Jake Parker closed an $18.3 million condo deconversion sale and brought two more condo deconversions to the market with projected sales of $40 million and $50 million. Lee Kiser, Katie LeGrand, and Jacob Price also brokered a successful $53.3 million sale in Lakeview, while Danny Logarakis closed a $23 million five-building apartment portfolio deal.
The Birk | Sklar Team is also anticipating a successful Q2, with the recent closing of a $23 million portfolio in Jackson Park, a $9 million portfolio in Bronzeville, and a $4 million portfolio in South Shore, along with over $50 million worth of transactions currently in escrow.
Looking ahead to the rest of Q2, we continue to monitor market movements on a daily basis. “With every rate move by the Fed, we are ever-more cognizant of the changing capital market landscape and its impact on transactions,” continues Kiser. “The value of communicating these changes to our clients and the impact on investment is critical to their success.”
Additionally, in Q2 we are looking forward to welcoming back principals and owners to our Mid-Market Summit at the Dalcy on June 8th. Our panel discussion this year is focused on incoming Mayor Brandon Johnson’s impact on the multifamily market. For more information and to purchase tickets, please click here.
Finally, the Kiser Group team continues to expand. After adding more hires to our team in Q1, hiring both associates and advisors is still a priority for Q2. This expansion allows Kiser Group to keep up with the success of our brokers and to help the growth and development of associates looking to become advisors. We look forward to further expanding our team and our success in Q2. To learn more about the opportunities available at Kiser Group, please click here.