Multifamily news in Finance & Investment - St. Louis
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KH Properties Lands $18.3M Refi in St. Louis Area
Berkadia secured $18.3 million in Fannie Mae financing for the 350-unit property.
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JVM Realty Acquires St. Louis Community
The purchase of Ceylon Apartments marks the firm’s first in the metro and expands its Midwestern portfolio.
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Top 5 Midwestern Markets for Multifamily Transactions
Yardi Matrix data shows that more than two thirds of the $1.5 billion closed in the first quarter involved assets in only five of the region’s metros.
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Hamilton Zanze Acquires St. Louis Community
The firm's purchase of Steelyard & Icehouse Apartments marks its second in the metro within the last six months.
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Missouri Student Housing Asset Changes Hands
The 428-bed community is the only privately owned purpose-built facility serving scholars at Washington University in St. Louis.
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Hamilton Zanze Enters St. Louis Market
Once again partnering with Cantor Fitzgerald, the firm picked up the 160-unit Tribeca for $44 million.
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$80M Luxury Project Coming to St. Louis Metro
NorthMarq arranged $54.5 million debt and joint venture equity financing for the construction of Wildhorse, an upscale mixed-use property in the St. Louis suburb of Chesterfield, Mo.
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St. Louis-Area Assisted Living Communities Change Hands
Cedarhurst Living partnered with Triloma Seniors Housing on the acquisition of two properties totaling 135 units in Madison County. Cedarhurst will manage the communities.
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Timberland Partners Expands Multifamily Portfolio
The transactions are the company’s fifth property in the St. Louis metro and first in the state of Arkansas.
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CAPREIT Lands $77M Refi for Midwest Portfolio
The assets include The Kensington at Beverly Hills in Michigan, Valle Vista Armes Apartments in Indiana, Greenway Chase Apartments in Missouri and Pointe West Apartments in Iowa.
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Lexington Corp. Sells St. Louis-Area Community
The buyer, Siesta Coast Capital, paid $4.3 million for the 120-unit multifamily asset. The property last changed hands in mid-2008 for $4.5 million.
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Sundance Bay JV Buys St. Louis-Area Community
Shore to Shore Properties was the seller of the 318-unit Class C multifamily asset. The buyer financed the purchase with a $13 million loan from Grandbridge Real Estate Capital.
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Gateway Acquires St. Louis-Area Mixed-Use Community
The 8.3-acre property, which will be rebranded as The Westview, marks the company's seventh acquisition in the St. Louis area within the last five years
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Griffin-American Healthcare Expands MO Portfolio
The REIT added eight skilled nursing facilities in the St. Louis-area to the five assets it acquired last year. The cost of the acquisition was $88.2 million.
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Berkadia Brokers Sale of 156-Unit St. Louis Asset
Michael Sullivan, Ken Aston, Andrea Kendrick and Alex Blagojevich of three different Berkadia offices in the Midwest represented seller Mills Properties in the transaction.