Multifamily news in Columbus

Income Property Organization Brokers Columbus Sale
Paul McHugh of IPO facilitated the transaction, which involved a $2.7 million acquisition loan held by Perpetual Federal Savings Bank.
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Hamilton Point Investments Sells OH Asset
The Enclave at Albany Park in Westerville commanded nearly $15 million. The new owner assumed the outstanding balance of a Fannie Mae loan attached to the property.
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Top 10 Multifamily Completions in the Midwest in 2018
With more than 35,000 new units, multifamily development in the Midwest closed a very active 2018, on par with national trends.
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  • OH Community Commands $21M

    The 344-unit community in Groveport, Ohio, in the Columbus metro area, is spread across 5.7 acres. The seller was Ardent Communities.

    23 January 2019 15:44

  • Columbus Maintains Stable Rent Growth

    Although employment growth moderated in 2018 while multifamily development kept a steady pace, the Columbus rental market remains one of the Midwest’s top performers.

    17 January 2019 13:20

  • Fully Occupied Community Trades in OH

    Franklin’s Crossing has 61 units and is located in Northwest Columbus in an area with several shopping and entertainment centers nearby.

    29 November 2018 09:01

  • Monarch Purchases Community in East Columbus

    Ardsley Ridge Townhomes & Apartments—completed in phases in 1960, 1974 and 1978—consists of 238 units spread across 24 buildings.

    21 November 2018 13:30

  • Nonprofit Purchases Affordable Community in Ohio

    Bridlewood Village encompasses 70 fully affordable units in the southern area of Columbus. The 1980-built community spreads across 13 buildings.

    20 November 2018 14:16

  • The Connor Group Refinances OH Property in $54M Deal

    UBS Realty Investors sold The Estates at New Albany, which encompasses 428 units across 42 buildings. The property was 95.3 percent occupied at the time sale.

    16 November 2018 19:02

  • Affordable Community Changes Hands in Columbus

    The sale of Winchester Lakes involved two loans, one in the amount of $17.7 million and other loan of $3.5 million.

    16 November 2018 17:17

  • OH Portfolio with 456 Units Changes Hands

    The transaction includes three communities located within the Westland submarket of Columbus. All properties have a 90 percent or above occupancy rate.

    29 October 2018 17:22

  • Coastal Ridge Adds to OH Portfolio

    The Edge at Arlington, previously known as LeMans Village, has 229 units and amenities include 12 laundry facilities and a basketball court.

    29 October 2018 14:36

  • On the Market: 4 Interesting Listings for the Week of 10/8

    This week's listings include a value-add opportunity north of NYC and a 1900-built, recently renovated community in a busy Richmond, Va., neighborhood.

    12 October 2018 15:16

  • Columbus Leads Midwest Growth

    The metro’s average multifamily rent rose by 4.2 percent year-over-year as of June, outpacing the national rate and showing the fastest growth among major Midwestern cities.

    05 September 2018 12:31

  • Top 10 Columbus Multifamily Transactions

    The city is quickly becoming the most important economy in Ohio, thanks to its relatively affordable housing and growing economy. This year, more than 2,000 units traded for a total of $266 million.

    07 August 2018 17:38

  • Columbus Community Changes Hands

    The buyer took out a 10-year Freddie Mac acquisition mortgage to finance the transfer. Pinnacle Financial originated the loan.

    31 July 2018 14:49

  • OH Community Lands Refi

    Trilogy Real Estate refinanced the 292-unit Class B asset with a $28.2 million Fannie Mae loan originated by CBRE Capital Markets.

    31 July 2018 14:39

  • AMG Realty Offloads Ohio Community

    A private investor acquired the 66-unit asset in Columbus’ North Linden submarket for $2.1 million. This marks the community’s second ownership transfer this year.

    26 July 2018 16:30