Midwest
New Chicago Luxury Tower Sells for $121M
The 265-unit high-rise developed by Moceri + Roszak marks Canada-based Pacific Reach Properties’ first multifamily acquisition in the city.
Kiser Group Brokers $38M Sale of Chicago Condominium Asset
ESG Kullen acquired all 250 units of The Flats on LaSalle, a former luxury hotel converted into apartments in early 2000.
Essex Realty Brokers Sale of Chicago Value-Add Multifamily Asset
The company represented both the seller and the buyer in the transaction of Lakeside Village of Mundelein, a 10-building community located in Mundelein, Ill.
NE Off-Campus Student Housing Asset Changes Hands
GMH plans to rename the 632-bed student housing community to Academy Lincoln. The property serves students at the University of Nebraska-Lincoln.
Simbol Commercial Sells Kansas City High-Rise
Arbor Commercial Funding provided the buyer with $30 million of Fannie Mae acquisition financing for the purchase of the 35-story tower.
LaSalle Buys Twin Cities Communities
Clarion Partners earned approximately $68 million from the sale of the 241-unit portfolio, taking a loss compared with the seller’s acquisition cost of the assets in 2015.
Evergreen Real Estate Grows Affordable Housing Management Portfolio
The Chicago-based firm added nine communities totaling more than 1,000 affordable housing units located in Illinois, Kansas, Ohio and Wisconsin.
URS Capital Sells Cincinnati-Area Community
PGIM Real Estate Finance provided the new owner with a 12-year, Fannie Mae acquisition loan of more than $14 million.
Chicago Towers Receive $62M in Equity
The 720,000-square-foot multifamily project consists of two 17-story buildings featuring roughly 590 units and more than 10,000 square feet of retail space.
Goldman Sachs Buys Nashville Community for $73M
The 321-unit luxury multifamily asset was sold by Lennar. The Canadian Imperial Bank of Commerce provided nearly $50 million in acquisition financing.