Midwest
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.
Mixed-Income Chicago Development Breaks Ground
The 164-unit project is a collaboration between public and private entities. The property is located 4.5 miles south of downtown.
Hunt Real Estate Secures Financing for 368-Bed MI Asset
The community consists of two phases, one built in 2017 and the second slated to be completed by August 2019. Campus Creek Cottages is 100 percent occupied.
Interforum Holdings Debuts Chicago-Area Luxury Community
Lakeside Village of Oakbrook, which broke ground back in 2016, offers residents access to amenities including a swimming pool, dog park and rooftop deck.
Newly Completed Nashville Community Lands $40M Refi
The Giddings Group opened the 251-unit luxury asset in the city’s North Nashville/Bordeaux submarket in 2018. The new financing package pays down a prior construction loan from SunTrust Bank.