Columbus
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.
Garden-Style Community Changes Hands in OH
A private investor purchased Fair Oaks, a 29-building property in the Far South submarket of Columbus, using a $5.1 million loan.
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.
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.
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.
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.
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.