Deals - Midwest

  • 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
  • Thrive Acquires 2 Senior Housing Properties, Launches Sister Firm

    The acquisition expanded the company’s senior housing portfolio to four assets, which drove the firm to launch a new division—TFP Senior Living—headed by Anthony Fulco.

    27 September 2017 15:41
  • Marcus & Millichap Secures Saint Paul Asset

    Located between downtown St. Paul and downtown Minneapolis in the Merriam Park neighborhood, 1880 Marshall Ave. was built in 1964 and renovated in 1978.

    25 September 2017 21:38
  • JV Lands $40M Twin Cities Affordable Community

    Aeon and The Community Development Trust purchased Seasons Park Apartments, a 422-unit community in Richfield, Minn. The transaction marks Aeon’s largest acquisition and the second-largest investment for CDT.

    25 September 2017 16:58
  • Transwestern Brokers Denver Community Deal

    Jeff Sanders acquired the two apartment communities totaling 429 units for $30.9 million. They were built between the 1960s and 1970s and are located in improving areas close to downtown Denver.

    05 September 2017 12:19
  • Cush & Wake Brokers Sale of 294-Unit KY Community

    Mike Kemether and Craig Collins of Cushman & Wakefield represented the seller, Stratford Asset Management Co., in the $25.5 million transaction. RealSource Properties acquired the property, Breckinridge Square.

    28 August 2017 22:05
  • Meridian Capital Secures $23M for Illinois Community

    The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in Glendale Heights, Ill. The buyer intends to upgrade the asset.

    25 August 2017 10:45
  • 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 brokerage firm 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