Deals - Midwest

  • Tikijian Closes 304-Unit Indianapolis Community

    SL Systems LLC purchased the asset and plans to renovate the exterior and upgrade the unit interiors. The community was 95.7 percent occupied as of September.

    07 November 2017 14:34
  • Kiser Group Brokers Uptown Chicago Community Deal

    The sale of the 41-unit property closed at $4.9 million. The asset is a 1920s vintage building consisting mostly of studio apartments.

    07 November 2017 10:44
  • Passco Nabs 5th Property in KC Metro Area

    Greenwood Reserve, a 228-unit luxury community in Olathe, Kan., traded for $38.3 million. Jeff Stingley of CBRE represented both the buyer and the seller, an affiliated entity of Cityscape Residential. Chris Black and Caleb Marten of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing through Fannie Mae.

    06 November 2017 17:40
  • Twin Cities Affordable Housing Portfolio Sells for $77M

    Investors Aeon, the NOAH Impact Fund and Enterprise Community Investment purchased the 10 properties. The apartments will continue to welcome low-income renters.

    01 November 2017 15:39
  • Marcus & Millichap Closes $37M WI Community Deal

    The portfolio comprises two properties, totaling nine buildings and 420 units, both of which present value-add opportunites and are located in high-profile areas in Madison, Wis.

    01 November 2017 15:36
  • Affordable NC Property Lands Fannie Mae Financing

    Working on behalf of IPI Properties 11, a partnership between Berkeley Point Capital and Dougherty arranged a $1.2 million acquisition loan for Barden Ridge Apartments, a 48-unit community in Roxboro.

    01 November 2017 15:10
  • Tikijian Arranges 450-Unit Community Sale

    An affiliate of Birge & Held Asset Management acquired the asset from Gene B. Glick Co., the Indianapolis-based developer that built the property in two phases between 1980 and 1987.

    31 October 2017 16:37
  • Berkadia Completes Sale, Secures Financing for MO Property

    The Links at Parkville Apartments is a 244-unit multifamily asset in Parkville, near Kansas City. Senior Director Michael Sullivan, Director Brett Meinzer and Managing Director Alex Blagojevich worked on behalf of the seller.

    31 October 2017 09:27
  • Apartment Investment Advisers Brokers Sale of Vintage Community

    The sale of the 67-unit mid-rise apartment building located within the city’s Uptown neighborhood closed at $8.3 million. The new owner plans to transform the vintage apartments into luxury units.

    26 October 2017 11:45
  • JV Buys 649-Bed KY Student Housing

    Campus First Student Living and CF Real Estate Services acquired The LEX, a 266-unit community serving students attending the University of Kentucky.

    18 October 2017 15:31
  • IMT Capital Snags TN Community

    The company purchased the 386-unit ALARA Cool Springs, located in the Nashville submarket of Franklin, from American Realty Advisors. Cushman & Wakefield represented the seller in the transaction.

    11 October 2017 14:10
  • Michaelson Lands 2nd TN Community in Less Than a Month

    Michaelson Real Estate Group and Eklund Development acquired Viera Cedar Bluff, a 184-unit community in Knoxville. The deal is part of a portfolio that also included 520-unit community The Metropolitan.

    10 October 2017 21:37
  • Top 10 Largest Chicago Submarkets by Sales Volume

    In the first three quarters of 2017, several Chicago submarkets exceeded $100 million in multifamily transactions. Core city areas remain at the top of the list, tallying more than half a billion dollars in sales during the same time period.

    06 October 2017 15:54
  • PAC Lands 260-Unit KC-Area Community

    Adara Overland Park is a recently built Class A multifamily asset in Overland Park, Kan. Preferred Apartment Communities (PAC) financed the acquisition using a Freddie Mac loan.

    04 October 2017 18:52
  • American Campus Nabs $561M Student Housing Portfolio

    The seven-property portfolio includes two existing communities, two communities slated to open this fall and three projects scheduled for delivery in Fall 2018.

    29 September 2017 17:37