Columbus
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.
OH Community Sells for $15M
Link Real Estate Group acquired the 432-unit property in Franklin County that last traded in 2010. Income Property Organization brokered the deal.
Top 10 Apartment Owners in Columbus
The metro region’s multifamily owners are focused on investing in the capital city itself, though that may change.
Rockford Homes Sells Columbus Multifamily Asset
The new owner, Jeffrey Berlin, financed the acquisition via a 20-year, $5.5 million Freddie Mac loan arranged by Pinnacle Financial Partners.