Deals - Midwest
Cities
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29SC Acquires 6th Chicago Community
The asset, Wooded Isle Apartments, is located in Hyde Park, only eight miles from downtown. The community offers 75 units.
23 August 2017 09:21 -
Coldwell Banker Acquires McMullen Real Estate
The Chicago-area brokeragefi rm is the third to join Coldwell Banker in the past three months, following the acquisitions of Groebe Real Estate and Chicagoland Realty Services.
22 August 2017 15:42 -
Green Bridge Closes Bulk Cleveland Sale
Investment Group purchased the assets for $2.9 million. The 90-unit portfolio will undergo a renovation process, estimated to cost between $100,000 and $300,000.
21 August 2017 20:26 -
Habitat Lands, Assumes Management of Chicago Asset
The multifamily developer and property manager purchased and assumed property management of Eastwood Garden, an affordable community in the Englewood neighborhood. The company will manage two other properties in the Chicago area.
21 August 2017 17:40 -
Passco Trades Remaining Interest in KS Property for $48M
The company sold The Village at Lionsgate, a 360-unit community in the Kansas City MSA. Mac Crowther, vice chairman at ARA Newmark’s Kansas City office, represented both parties in this transaction.
16 August 2017 17:31 -
Berkadia Leads Sale of 192-Bed Kansas Community
The company arranged the $6.9 million sale on behalf of the seller. The 84-unit student housing property services Butler Community College.
08 August 2017 20:45 -
Renovated Downtown Nashville Community Trades for $27M
A Covenant Capital Group fund sold the 170-unit 500 Fifth Ave. The deal follows a $4 million renovation process the firm completed at the 56-year-old building.
03 August 2017 14:29 -
Marcus & Millichap Lists $31M Student Housing Community
The company received the exclusive listing for 512 South Third St., a 400-bed student housing community within walking distance of the University of Illinois' main campus.
03 August 2017 13:17 -
Covenant Buys $30M Indianapolis Community
Columns of Castleton was 99.5 percent occupied as of June. The company plans to implement a $4.7 million plan for renovating unit interiors and upgrading amenities.
02 August 2017 15:39 -
Monument Capital Management Enters Illinois Market
The Residences at 1550, located in the Chicago suburb of Mount Prospect, include 509 one-, two- and three-bedroom garden- and townhome-style units. The property will be managed by the firm’s sister company, Monument Real Estate Services.
02 August 2017 13:37 -
Tikijian Secures $37M Indianapolis Community
The company represented The RADCO Cos. in the sale of 455-unit Indianapolis asset. The new company changed its name to Ashford at Keystone and plans to renovate unit interiors.
20 July 2017 06:43 -
MedEquities Buys IN Skilled Nursing Facilities
Magnolia Health Systems sold the assets for $15 million in cash and will lease them back on a triple-net basis for 15 years.
18 July 2017 08:51 -
Landmark Lands Cleveland Lakeshore Community
Quay 55, a former warehouse converted to apartments, is now in the hands of an affiliate of Landmark Cos. Deancurt Realty Group sold the Lake Erie shoreline property after six years of ownership.
17 July 2017 16:38 -
BRT Nabs 509-Unit DFW Community
BRT Apartments Corp. purchased Mercer Crossing from Provident Realty Advisors for roughly $86 million. For the acquisition, the buyer obtained a $55.2 million loan from Barings Multifamily Capital.
14 July 2017 12:03 -
ASC Secures $4M Refi for Milwaukee Property
The community is located in Milwaukee's Timmerman West neighborhood and includes retail space. The loan features full-term interest-only payments.
12 July 2017 16:07