Midwest
Newcastle Pays $86M for Chicago Property
Seeking an acquisition in a neighborhood wedged between two of Chicago’s hottest enclaves, Newcastle Ltd. has acquired 504 and 505 N. Green Street, an apartment community in the River West district.
Suburban Indy Community Changes Hands
The buyer, Muesing Management, secured more than $7 million in short-term financing from Merchants Bank of Indiana to fund the acquisition.
In Case You Missed It: MHN’s Top 5 Posts in February
Miss any of our articles? Catch up with five of our most popular posts for the month.
Top 10 Nashville Multifamily Acquisition Loans
Alongside a banner year for multifamily transactions across the metro, with close to 10,000 units changing hands, lenders have kept pace, originating more than $1 billion in acquisition financing.
Twin Cities Multifamily Report – Winter 2019
Despite a new cycle peak in apartment deliveries in 2018, the average rent growth across the metro remained above the national average.
Draper and Kramer Bringing New Community to Chicago’s South Loop
The 275-unit development will be located nearby McCormick Square and will be the largest community built in the area since 2010.
Cushman & Wakefield Brokers $56M IN Sale
Castle Rock, a 740-unit apartment property in South Bend, was acquired by a joint venture of Sinatra & Co. Real Estate, L5 Investments and Odyssey Properties.
Kansas City Multifamily Report – Winter 2019
Despite an uptick in deliveries, demand for apartments remains robust across the metro, where occupancy in stabilized properties rose to 94.9 percent as of November.
Garden-Style Community Changes Hands in OH
A private investor purchased Fair Oaks, a 29-building property in the Far South submarket of Columbus, using a $5.1 million loan.
Strawberry Fields REIT Pays $21M for KY Skilled Nursing Portfolio
Oxford Finance provided financing for the acquisition of the three facilities, which are located in Bardstown, Manchester and Elkhorn City.