Multifamily news in Market Rate Housing - St. Louis
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Watermark Begins Construction on St. Louis-Area Development
Located in the suburb of O’Fallon, Mo., Avenue64 by Watermark is scheduled for completion by August 2022.
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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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Maxus Realty Sells 486-Unit Property in Suburban St. Louis
A New York-based private investor purchased the 21-building asset in St. Charles.
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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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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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St. Louis-Area Community Opens Doors
ZM Management broke ground on the 381-unit development in 2013. The owner financed construction with two loans totaling $21 million.
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5-Building St. Louis Community Changes Hands
The 104-unit Tuscany Village, built in 1972, last traded in 2014 for nearly $3 million, six months after a foreclosure action.
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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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St. Louis’ Communities With the Lowest Occupancy Rates
Heightened development activity in one of the most affordable metros in the U.S. has started to impact occupancy levels in the Gateway to the West.
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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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St. Louis-Area Community Breaks Ground
Located roughly 2 miles from Southern Illinois University Edwardsville’s campus, the 153-unit development is now underway, with an expected completion date in early 2020.
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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.
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Cushman & Wakefield Brokers Sale of 680-Unit MO Community
Mike Hanrahan and Bobby Mills of the St. Louis office and Mike Kemether of the company’s Atlanta office represented the seller, Priderock Capital Partners, in the transaction.