Midwest
Greystone Refinances MI Multifamily Asset
The $11.3 million Fannie Mae loan features a 10-year term and 30-year amortization period. The property is Ranches of Rosebrook in Ypsilanti.
Hunt Real Estate Provides $13M Loan for KY Community
The borrower used the financing for the acquisition of Saddlebrook at Tates Creek, a recently renovated 181-unit property in Lexington.
Rockford Homes Sells Columbus Multifamily Asset
The new owner, Jeffrey Berlin, financed the acquisition via a 20-year, $5.5 million Freddie Mac loan arranged by Pinnacle Financial Partners.
Nashville Multifamily Report – Winter 2019
Boosted by its creative class, Nashville has emerged over the past decade as among the most desirable places to do business in the U.S. The trend is fueling multifamily rental demand, and developers are bringing new product on line at a record pace.
Fully Affordable Portfolio Trades in OH
Independent Management Services purchased Shelton Gardens and Reids Valley View Manor for $4.8 million. The two assets have 254 units combined.
Peak Campus to Manage 430-Bed Chicago Student Housing
The Buckingham serves students at the University of Illinois – Chicago and is also within a mile of 20 other schools.
Milwaukee Value-Add Community Changes Hands
Weidner Apartment Homes acquired the 90-unit Class B residential property. Berkadia arranged the transaction on behalf of the seller.
Chicago Multifamily Investment in Focus
Pioneer Acquisitions’ James Peterson Jr. names the city’s most attractive submarkets and sheds light on trends for Chicago investors to watch.
Partially Affordable Community Changes Hands in Chicago
Renaissance North is in the city’s Old Town neighborhood and sold for $15.5 million. The building includes 59 units, with 18 set aside for low-income residents.
The Snavely Group Buys 32-Building Cleveland Asset
Willogrove encompasses 384 units and is located in the city’s Willoughby submarket. The sale involved a $21.4 million loan held by First National Bank of Pennsylvania.