Adina Rogoz is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&As.
The 160-unit property offers a mix of studio and one-bedroom floorplans, as well as 10,000 square feet of retail space.
The 133 units were converted to condos in 2005, but they will now go back to their initial use as rentals.
The company provided a $43.8 million loan to renovate a market-rate apartment community near University of Iowa.