Evergreen Real Estate Grows Affordable Housing Management Portfolio

The Chicago-based firm added nine communities totaling more than 1,000 affordable housing units located in Illinois, Kansas, Ohio and Wisconsin.

Crystal Tower

Cleveland’s Crystal Tower Changes Ownership

K&D sold the 268-unit building to Odin Properties in a $6.6 million deal. The purchase involved a $5.8 million loan held by Firstrust Bank.

The Crossing

Cornerstone Managed Properties Buys Cleveland-Area Community

The $4 million sale of the 144-unit, fully occupied community was subject to a $4.8 million acquisition and development loan.

PNC Bank Secures $33M Loan for Cleveland-Area Community

The Hamptons Luxury, located in Beachwood, Ohio, is owned by a joint venture between Millennium Management and Forest City Enterprises.

KeyBank Provides $39M Loan for Historic Cleveland Community

The financing comprises three different types of loans, which will contribute to the redevelopment and preservation of Commodore Apartments, a 198-unit property.

The Euclid Grand

Downtown Cleveland Redevelopment Receives $40M Loan

With the construction loan secured by Berkadia, the former John Hartness Brown complex will be reinvented as The Euclid Grand, a mixed-use development.

Downtown Boom Drives Demand in Cleveland

The metro’s urban core reached a milestone of 15,000 residents and more than 95,000 jobs in 2017, making it the largest downtown in Ohio.

Cleveland Luxury Property Receives $93M Refi

Bellwether Enterprise’s Flats at East Bank Apartments is an eight-story, 241-unit community that features 13 restaurants.

NHI Acquires Ohio Senior Housing Portfolio for $70M

Totaling 320 units, the communities will be leased to an affiliate of Bickford Senior Living at an initial rate of 6.9 percent with annual fixed escalators and a 15-year maturity.

FOURMIDABLE Expands Ohio Management Portfolio

The Village at Arlington I & II is located in Youngstown and comprises 120 affordable units, a playground and a computer center.