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.
Luxury Community Opens in Downtown KC
Copaken Brooks and Altus Properties have finished work on Arterra, a 126-unit property in the Crossroads Arts District. The 12-story building includes 1,800 square feet of retail space.
Detroit-Area Community Scores $23M Refi
Berkadia secured a 15-year Fannie Mae loan for the 180-unit garden-style property located less than 5 miles from downtown Rochester.
IA Community Opens After $5M Renovation
RiverEast in Council Bluff now offers new in-unit and common-area amenities including a fitness center and clubhouse, as well as outdoor recreation.
New Luxury Community Underway in Northern Colorado
Developed by Rooney Properties, the 176-unit Timnath Trail at Riverbend Apartment Homes is the first multifamily development in Larimer County’s rapidly growing town of Timnath.
Ohio Multifamily Asset Lands $33M Refi
The 15-year Freddie Mac loan for the 269-unit Water Street Residential property in Dayton was placed with Hunt Real Estate Capital.
Chicago Condo Development Breaks Ground
Named from the French word for Bishop, Eveq was designed by Sullivan Goulette & Wilson Architects and will feature 32 residences in the West Loop.
JV Gets $35M Refi for 604-Unit Portfolio
Auerbach Funds and Blue Magma Residential secured the loan with Greystone for a three-property multifamily portfolio located in the Southeast.
Vermilion Opens 119-Unit Assisted Living Property in Fort Wayne
The developer’s eighth community under the Silver Birch brand spans 97,000 square feet in Fort Wayne, Ind. HED designed the Z-shaped facility, which has a project cost of $23 million.