Columbus Multifamily Report – Fall 2019

Multifamily rents in the metro have moderated in recent quarters, after several years of above-trend growth and solid absorption.

Multifamily Development Trends: Becoming Part of the Community

Lifestyle Communities’ Rob Zelina discusses the impact of new developments in Columbus, as well as his company’s most recent project, LC RiverSouth.

AndMark Expands Columbus Footprint

The investment fund currently owns 1,300 units in the market after buying a portfolio of three neighboring apartment communities.

Keybank Originates $32M in Financing for 2 Columbus Assets

New Life Multifamily Management is the owner of both communities, which total 747 units and are located approximately 13 miles from the city’s downtown.

Fortress Real Estate & Hallmark Open Columbus Community

The community is near Scioto Country Club, Ohio State University and downtown Columbus.

POAH Acquires Columbus-Area Multifamily Portfolio

The deal included Waggoner Grove, a partially affordable Class B suburban community with 175 units, and 50 condominiums in the area.

Steele Properties Buys Columbus Affordable Community

The firm has expanded its portfolio with the acquisition of a 112-unit property. The asset will receive more than $44,000 per unit in hard cost rehabilitation.

Pizzuti Renovates, Expands Columbus Community

The first phase in the company’s redevelopment effort at the former Grant Oak Apartments is underway. Phase two is slated to begin this fall.

Columbus Multifamily Report – Spring 2019

Despite a tightening labor market, the metro’s multifamily sector continues to perform well, with 2.9 percent year-over-year rent growth, slightly below the U.S. average as of March.

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.