Midwest
Sundance Bay JV Buys St. Louis-Area Community
Shore to Shore Properties was the seller of the 318-unit Class C multifamily asset. The buyer financed the purchase with a $13 million loan from Grandbridge Real Estate Capital.
In Case You Missed It: MHN’s Top 5 Posts in October
Miss any of our articles? Catch up with five of our most popular posts for the month.
Chicago’s Condo Deconversion Sales: Will the Trend Last?
Interra Realty Managing Partner Patrick Kennelly weighs in on how the practice is affecting the market and reveals details of his company’s investment strategy.
Redwood Capital Group Acquires Chicago-Area Community
Located in a suburb of Chicago, The Residences of Orland Park Crossing comprises a mix of luxury apartments and large townhomes. The seller is REVA Development Partners.
OH Portfolio with 456 Units Changes Hands
The transaction includes three communities located within the Westland submarket of Columbus. All properties have a 90 percent or above occupancy rate.
IMT Capital Nabs Nashville-Area Community
Bell Partners, which acquired the asset in 2013, traded the 214-unit property for more than $50 million. CBRE Capital Markets provided the buyer with acquisition financing.
Preferred Apartment Communities Sells Nashville Asset
A joint venture between Security Properties and Reinsurance Group of America picked up the suburban 364-unit community for $55 million.
Chicago-Area Community Trades for $131M
FPA Multifamily picked up the 758-unit asset, financing the acquisition with a 12-year, $95 million Fannie Mae mortgage originated by Berkadia.
Coastal Ridge Adds to OH Portfolio
The Edge at Arlington, previously known as LeMans Village, has 229 units and amenities include 12 laundry facilities and a basketball court.
Gateway Acquires St. Louis-Area Mixed-Use Community
The 8.3-acre property, which will be rebranded as The Westview, marks the company’s seventh acquisition in the St. Louis area within the last five years