Midwest
Morgan Properties Lands $91M Multifamily Portfolio
Constructed between 1969 and 1979, the four communities in and near Nashville, Tenn., total 826 units. The buyer took a nearly $75 million Fannie Mae loan to finance the acquisition.
TSB Realty Secures Sale of MN Student Housing
The 772-bed Radius @ 15th serves students attending the University of Minnesota. Pinnacle Campus Living will manage the property.
Heitman Brings New VP on Board
Ashish Karamchandani, who previously occupied a similar position with Magellan Investment Partners, will be part of the company’s acquisitions team.
Gilbane Development to Construct 5 Student Housing Communities for $400M
The new projects, which will include 3,500 beds, will open in Georgia, Arizona, Illinois, Maryland and Oregon within the next couple of years.
TGM Associates Makes 6th Chicagoland Buy
A former Crossroads Partners asset, the luxury property is located in the North Shore suburb and offers access to more than 100,000 square feet of retail amenities.
Kiser Group Reps Buyer of Chicago Multifamily Portfolio
The two properties are located in Evanston and used to belong to Stephen Matic. Danny Mantis and Lee Kiser represented the buyer in the $17 million deal.
Campus Apartments Completes 4 Student Housing Properties
The firm spent more than $220 million developing off-campus communities in Knoxville, Tenn.; Ann Arbor, Mich.; and Philadelphia.
Marcus & Millichap Closes Chicago Multifamily Deal
The value-add affordable property located in the South Austin neighborhood includes ground-floor retail and is close to Interstate 290 and Loretto Hospital.
KC Portfolio Scores Acquisition Loan
The two market-rate communities located west of Kansas City add up to 132 units and last traded roughly 15 years ago.
Income Property Organization Facilitates 308-Unit OH Transaction
The Shaker Square Apartments portfolio encompasses 15 buildings in Shaker Heights. The $18.7 million deal was brokered by IPO’s Paul McHugh.