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Detroit. Photo by Wirestock/iStockphoto.com

Detroit Multifamily Report – December 2023

The market’s average rate was up just 0.4 percent in 12 months.

Canterbury East is within walking distance of shopping centers, medical and emergency facilities and several dining options. Image courtesy of Yardi Matrix

Millennia Cos. Obtains $30M Refi for Michigan Portfolio

JLL Capital Markets secured the loan through Citigroup Inc.

Firm Acquires NC, VA Assets

These communities total more than 450 units.

Evolve Cos. Seals $51M Financing Package for Florida Development

The property is expected to be online in late 2025.

Greystone Monticello Arranges Green Loan for Indiana Student Property

The financing backs a community in Bloomington.

Calmwater Provides Debt for SoCal Mixed-Use Project

Located in San Gabriel, The One will offer 81 units and street-level retail space.

JV Plans Tower in Chicago’s Fulton Market

Shapack Partners and CRG are developing the project.

San Jose. Photo by simonkr/iStockphoto.com

San Jose Multifamily Report – December 2023

Metro San Jose showed both pain points and resilience as 2024 drew nearer.

RYBAK Development Lands $71M Loan for Queens Project

The 98-unit luxury property will be located in the Forest Hills neighborhood.

Architect William Krisel designed the modern Chapman Place Apartments. Image courtesy of Thorofare Capital Inc.

Thorofare Capital Provides $26M Refi for San Diego Community

Loan proceeds will retire existing debt and stabilize occupancy at the 82-unit property.