Multifamily news in Cincinnati
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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.
22 May 2020 13:22 -
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.
15 October 2019 13:42 -
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.
18 September 2019 18:11 -
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.
28 June 2019 12:51 -
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.
25 June 2019 16:54 -
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.
13 May 2019 11:57 -
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.
28 March 2019 08:53 -
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.
30 January 2019 15:44 -
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.
04 January 2019 19:00 -
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.
27 November 2018 11:20 -
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.
20 July 2018 14:46 -
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.
24 May 2018 12:34 -
CBRE Provides $14M for Historic Cincinnati Asset
The company closed the refinancing of The Reserve at 4th and Race, an 88-unit community in the CBD. Mark Tran, senior vice president of CBRE Columbus, originated the loan.
03 April 2018 08:01 -
Milhaus Plans Cincinnati Property
Poste is part of the 250 units the developer intends to start building in Walnut Hills this year. The company also announced a capital investment of $245 million for the development of Class A, market-rate properties across the country.
16 January 2018 17:56 -
CBRE Secures $321M Portfolio Sale
The nine-property portfolio includes communities located in Indianapolis, Memphis, Tenn., Oklahoma City and Cincinnati, totaling 1,803 units. Milhaus developed, constructed and managed the majority of the portfolio.
11 January 2018 16:14