Multifamily news in Cincinnati
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Top 10 Multifamily Projects Under Construction in Ohio
A list of Ohio’s largest properties currently under construction, based on Yardi Matrix data as of September.
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City Club Secures $69M Refi for Cincinnati Mixed-Use Property
Asia Capital Real Estate provided the loan for the 294-unit building that formerly served as office space.
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Top 5 Markets for Multifamily Development in Ohio
As of May, nearly 18,000 units were underway in the Buckeye State, based on Yardi Matrix data.
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Pennrose Moves Forward with 2 Ohio Projects
The Ohio Housing Finance Agency has provided housing tax credits to develop affordable housing in Cincinnati and Cleveland.
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Cincinnati Senior Housing Project Gets $24M
The 82-unit senior community will offer assisted living, memory care and rehabilitation services. The development is slated for completion in early 2021, at the latest.
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NKF Originates $11M in Refinancing for Cincinnati Asset
Eleven Hundred, a Shamrock Communities property since 2015, was subject to a prior 12-year Fannie Mae loan with SunTrust Bank.
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2-State Portfolio Lands $125M Loan
Greystone originated the Fannie Mae financing for the 1,383-unit portfolio across Pennsylvania and Kentucky. As part of the recapitalization effort, Bayshore Properties has taken a 50 percent stake in the assets.
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NorthMarq Arranges Refi for Cincinnati’s Lytle Tower
Senior Vice President Noah Juran negotiated the loan on behalf of Rookwood Properties, the owner of the 11-story Lytle Tower.
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Wallick Secures $49M for Ohio Properties
Merchants Capital arranged the bridge financing for three assisted living properties totaling 363 units in Columbus and Cincinnati, as demand for affordable senior housing grows more acute.
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Fully Affordable Portfolio Trades in OH
Independent Management Services purchased Shelton Gardens and Reids Valley View Manor for $4.8 million. The two assets have 254 units combined.
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Ferndale Realty Group Sells Cincinnati Communities
Ardizzone Enterprises purchased Apex and Parkton in a transaction which involved two loans totaling $38.7 million. Merchants Bank of Indiana originated the financing.
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URS Capital Sells Cincinnati-Area Community
PGIM Real Estate Finance provided the new owner with a 12-year, Fannie Mae acquisition loan of more than $14 million.
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Affordable Cincinnati Community Changes Hands
Related Cos. purchased Alms Hill for $3.2 million. Originally completed in 1925, the 200-unit asset in Walnut Hills once served as a luxury hotel.
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Bellwether Enterprise Closes $21M in Financing for OH, VA Properties
The deals were part of a larger $38 million financing package that included a hotel and business center.
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Dominium Completes Upgrades at Cincinnati Community
The developer, which is also the previous owner of the property, partnered with National Housing Trust to remodel all 137 units as well as the common areas.