Kiser Group announces the unparalleled success of Aaron Sklar and Noah Birk, who have defied market odds by achieving an extraordinary milestone of 62 apartment buildings sold in 2023, amounting to over $100 million in transaction value. Their remarkable feat stands as a testament to their unwavering dedication and expertise in navigating a challenging real estate landscape.
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With a focus on Chicago’s south and west sides, they’ve demonstrated an acute understanding of the evolving market dynamics. Their 2023 success story unfolds against the backdrop of rising interest rates, which have steered capital towards higher yield opportunities, notably in lower-income areas.
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“Most of the players in the market saw the rising rate environment as sign to pause, we saw it as great opportunity for our clients” remarked Noah Birk, Partner at Kiser Group. “I think buyers who are getting into the game right now and are willing to temporarily accept lower yields are going to be very happy in the coming years. They are going to have quickly appreciating assets that everyone wants when the debt market turns around.”
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“With our current 2024 pipeline continuing to grow, we look forward to building on our teams growth and continue increasing market share,” said Aaron Sklar, Partner at Kiser Group.
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Click here to read the full story by Connect CRE.