In 2023 IPO Brokered $140M in Sales Volume
January 2024 – Bloomfield Hills, MI
What a year…it is finally over. As we project into 2024, we also reflect on the impact the federal government’s monetary policy in 2023 had on the apartment and real estate industry overall. No other industry saw an approximate 75% reduction in transaction volume like commercial real estate has since the Fed implemented the aggressive monetary tightening policy in 2022.
Despite these challenges, IPO closed on 37 sales of apartment communities across the Midwest. This represents $140M in sales volume and nearly 7,000 units across 4 states. We are proud of our firm’s remarkable sales volume in 2023 as we enter new markets to expand opportunities for our clients.