Columbus
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.
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.
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.
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.
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.
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.
Columbus Community Changes Hands
The buyer took out a 10-year Freddie Mac acquisition mortgage to finance the transfer. Pinnacle Financial originated the loan.
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.
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.
JLL Hires Midwest Multifamily Services Expert
Matt McCune is an investment sales professional with more than 10 years of experience. In his new role as senior vice president, he will advise on multifamily asset sales around central Ohio.