Midwest
CS Acquisition Group Sells 272-Unit IN Community
The Lakewood, N.J.,-based company sold a 16-building multifamily asset in Beech Grove to a private investor. The property was 95 percent occupied at the time of sale.
Detroit Adds 54 Units for Low-Income Seniors
The development is part of Bedrock’s agreement with the City of Detroit to build and preserve 700 affordable housing units over the next several years.
Top 10 Apartment Owners in Columbus
The metro region’s multifamily owners are focused on investing in the capital city itself, though that may change.
$79M Mixed-Use Project Coming to Suburban Denver
A joint venture of Northstar Commercial Partners, Milender White and Canyon Partners Real Estate will break ground this month on a 216-unit community in Aurora, Colo. The development will also include 36,000 square feet of retail.
Hamilton Zanze Acquires MO Community
Located in Independence, Cornerstone offers 420 units and will undergo a capital improvement plan that will enhance its business center and clubhouse, as well as adding new amenities.
Student Housing Portfolio Near Purdue Trades for $34M
The 528-bed portfolio located in West Lafayette, Ind., was acquired in a joint venture between Muinzer and South Street Capital.
Aimco Sells Nashville Apartments for $24M
KeyBank provided the buyer with more than $18 million in Fannie Mae acquisition financing for the purchase of the 150-unit community.
Nashville Community Changes Hands for $57M
The buyer, a joint venture led by Hamilton Zanze, financed the acquisition of the 326-unit community with nearly $37 million in Fannie Mae financing.
Could Opportunity Zones Impact Residential Condo Developments?
One Nashville real estate investor and developer said the unintended consequence of Opportunity Zones in the rapidly growing city could mean a further constraint on the condo market, particularly in the downtown core.
GMF, Argo Buy 588-Bed Student Housing Asset
The partners acquired Place at 117, a property situated nearby the flagship campus of the University of Illinois, with plans to further upgrade the accommodations.