Midwest
TLC Management Acquires Chicago-Area Apartments
HFF marketed Prairie Winds, a townhome-style community in St. Charles, Ill., on behalf of the seller. The property was completed last year.
Trio of Midwest Communities Commands $100M
With this acquisition, The Habitat Co. enters the Minnesota market while expanding its multifamily portfolio in Michigan to more than 2,500 units.
Berkadia Arranges HUD Loan for Midwest Portfolio
Millennia Cos. will use the $34.3 million financing for substantial renovations to a pair of apartment communities in an Illinois city on the Iowa border.
New Minneapolis Community Trades for $25M
Roers Cos. sold Mezzo, a 110-unit property in the city’s Arts District. JLL originated a $16.2 million loan for the new owner.
Dekel Capital Arranges $41M Loan for MN Community
Central Park West includes a total of 199 units, of which six are affordable, according to Yardi Matrix data. The community is close to downtown Minneapolis.
Morgan Properties Buys TN Apartments for $27M
Berkadia provided the buyer of the 212-unit, Class B community in Nashville with more than $23 million in Freddie Mac acquisition financing.
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.