Midwest
Affordable Nashville Community Trades for $9M
Hallmark Co. purchased the 112-unit multifamily asset in the metro’s Fairview submarket using more than $7 million in Fannie Mae financing from CBRE.
Indianapolis Multifamily Report – Spring 2019
Apartment demand remained relatively healthy in the metro, with year-over-year rent growth at 3.2 percent as of March—on par with the U.S. average.
Berkadia Brokers Sale of 261 Units in the Midwest
The company’s Chicago investment sales team facilitated two deals involving the 128-unit Franklin Park Apartments in Milwaukee and Highland Pointe, a 133-unit multifamily property in Indianapolis.
Pacific Equities Sells Nashville Apartments
The acquisition of the 160-unit community marks the buyer’s fifth purchase in the metro since 2015. Berkadia provided the new owner with more than $11 million in Fannie Mae financing.
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.
Affordable Senior Housing Breaks Ground in Illinois
The 60-unit Residences of Crystal Lake is slated for completion by March 2020.
Nashville Project Lands $32M Construction Loan
Buckingham Cos.’ luxury community, which opened its doors in 2017, is growing by 296 apartments. U.S. Bank provided financing for the second phase.
STAR Real Estate Ventures Lands $323M Refi for 13-Property Portfolio
Berkadia arranged a 7-year, fixed-rate loan for each property in the portfolio, which totals nearly 4,000 units across seven states throughout the Southeast and Midwest.
Wallick Secures $49M for Ohio Properties
Merchants Capital arranged the bridge financing for three assisted living properties totaling 363 units in Columbus and Cincinnati, as demand for affordable senior housing grows more acute.
Peak Campus to Manage 182-Unit Kentucky Student Housing
The brand will grow its 50,000-bed nationwide portfolio by operating The Mark at Lexington, a 676-bed community serving students at the University of Kentucky.