Midwest
Greystar Hires Managing Director in Chicago
Yale Dieckmann, formerly an executive vice president and chief investment officer with JDL Development, will manage Greystar’s new development projects throughout the Midwest.
Detroit-Area Senior Community Undergoes $1M Renovation
Waltonwood Lakeside, situated in Sterling Heights, Mich., received upgrades on its interior, signage, common areas and amenity spaces.
Freeman Webb JV Refinances TN Apartments
Newmark Knight Frank Multifamily Capital Markets originated $29 million in financing through Fannie Mae for a property in Nashville. The mortgage retires a prior loan of $21.7 million.
Nashville Community Gets $39M Refi
PGIM Real Estate Finance originated the new 10-year Freddie Mac loan, which retires CMBS debt of nearly $34 million taken in 2015.
Harbor Group Pays $51M for Nashville Community
Greystone originated more than $40 million in Freddie Mac acquisition financing for the buyer of the 407-unit Class B multifamily asset.
Berkshire Acquires Recently Completed MN Community
The Park Off Central is located less than 20 miles from Minneapolis and St. Paul. The new owner is set to rebrand the 191-unit asset.
Passco Acquires KY Apartments for $62M
The Dobbins Group sold the 306-unit, Class A+ community, which is integrated into The Summit at Fritz Farm, a master-planned, mixed-use development in Lexington.
Denver-Area Student Housing Lands $64M Freddie Mac Loan
KeyBank Real Estate Capital arranged the financing for an 899-bed property at Colorado State University in Fort Collins, Colo.
Affordable Property Opens in Southern WI
Royal Capital Group owns the 94-unit community in Madison. UnitedHealthcare and WHEDA invested a combined $16.4 million in the six-building project.
Knoxville Multifamily Report – Winter 2019
Knoxville’s multifamily market is showing signs of growth as the cycle stretches further. Slow construction activity and healthy demand are putting upward pressure on occupancy and rents.