Midwest
Walker & Dunlop Secures $20M Loan for Affordable TN Asset
Vice President Rob Rotach secured the financing for the 153-unit Dandridge Towers, an age-restricted asset in southern Nashville, through the HUD program.
On the Market: 5 Interesting Listings for the Week of 8/27
This week’s listings include a transit-oriented project in North Hollywood, a newly constructed luxury community in Des Moines and more.
Student Quarters Makes First Housing Purchase in OK
Millennium Student Apartments near the University of Oklahoma houses 698 residents in 196 apartments and includes a pool, athletic fields and transportation to campus.
Tarlton Renovates 2 Historic St. Louis Properties
The $28 million project transformed the former Shriners Hospital for Children and Central Institute for the Deaf into The Core Apartment Residences, which includes 160 units.
FPA Multifamily Snags Luxury Chicago Community
The Lex, which previously belonged to Crescent Heights, was purchased free of debt. HFF’s Sean Fogarty, Marty O’Connell, Wick Kirby and Kevin Girard brokered the deal.
2 Chicago-Area Senior Housing Assets Land $100M Recapitalization
The properties, situated in Naperville and Lincolnshire, total 1,071 units and include independent living, assisted living and skilled nursing components.
Grandbridge Real Estate Closes $31M Financing for MN Property
The company’s wholly owned subsidiary funded the non-recourse loan for Borealis, a 124-unit Class A property in Minneapolis’ North Loop.
Essential Living Completes ND Rehab Project
Park South Apartments is the first affordable housing community in Minot to be supported by the National Disaster Resilience.
Berkadia Brokers Sale of 156-Unit St. Louis Asset
Michael Sullivan, Ken Aston, Andrea Kendrick and Alex Blagojevich of three different Berkadia offices in the Midwest represented seller Mills Properties in the transaction.
Demand Fuels Growth in Chicago
Multifamily rents are increasing at the fastest pace since November 2016, reaching 1.8 percent year-over-year as of June.