Midwest
Lexington Corp. Sells St. Louis-Area Community
The buyer, Siesta Coast Capital, paid $4.3 million for the 120-unit multifamily asset. The property last changed hands in mid-2008 for $4.5 million.
Chicago Luxury Tower Lands $215M Refi
Perkins Coie represented the borrower, Optima Inc., in arranging a loan to refinance construction debt on the 57-story Optima Signature high-rise.
Oklahoma Apartments Change Hands
The transaction marks Timberland Partners’ third acquisition in the state, bringing the company’s national portfolio to more than 13,800 units.
JP Morgan Opens Nashville-Area Community
The developer kicked off construction of the project in 2013. Built to achieve LEED Silver certification, the 328-unit asset is within a mile of more than 1,000 apartments currently underway.
Common, CityPads Break Ground on Chicago’s Largest Co-Living Home
Upon completion, Common Addams will include 223 beds and access to more than 5,000 square feet of shared amenity space, marking the partnership’s third project in the city.
Emma Capital Buys Atlanta Property for $36M
The Toronto-based company has expanded its presence in the U.S. with the acquisition of a 392-unit community located in the Northlake suburb.
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.