Midwest
JV Buys 624-Unit Asset in Missouri
The new owner intends to spend $13.8 million on renovating the 1997-built community in Kansas City. GoldOller Real Estate Investments sold the property after almost seven years of ownership.
Chicago-Area Assisted Living Community Gets New Building
The 156-unit luxury facility, located right across from Chicago Botanic Garden, opened its doors in 2014. A former memory care wing will be converted into assisted living units.
Northeast Ohio Portfolio Scores $67M Refi
The 10-year Freddie Mac loan is retiring existing acquisition financing for the 1,137-unit Timber Top and the 114-unit Timberland Village, both located in Akron.
Inland Trades KY Apartments for $46M
Berkadia provided the buyer of the 270-unit Class A community with more than $33 million in acquisition financing through Freddie Mac.
Hawthorne Sells Nashville Apartments for $50M
The 323-unit community last changed hands in early 2015, when Global State Investments sold the property for slightly more than $30 million.
McDowell Properties Sells Multifamily Portfolio
Cushman & Wakefield facilitated the sale of the three assets, which included a total of 697 units in Kentucky and Mississippi.
Kansas City Community Changes Hands
Prosperity CRE purchased an 80-unit property located some 8 miles from downtown. After renovations and upgrades, the property will be rebranded as Hidden Hills Apartments.
Knoxville-Area Opportunity Zone Project Lands Financing
Walker & Dunlop originated the $21 million financing package through HUD, combining a two-year construction loan with a long-term mortgage.
LMC Breaks Ground on 445-Unit Minneapolis Property
The property on First Avenue will include 8,000 square feet of retail and is slated for completion in the fall of 2020.
Artisan Capital Group Buys Downtown KC Portfolio
Besides facilitating the sale, HFF arranged a $51.1 million financing which included a $38.8 million Fannie Mae loan and $12.3 million in joint venture equity.