Midwest
Arcapita Acquires Chicago Senior Housing Portfolio
The portfolio is composed of 1,100 units and is the company’s third senior housing acquisition over the last two-and-a-half years.
Detroit’s Unique Development Scene
Jonathan Holtzman of City Club Apartments discusses what sets the metro apart from other Midwestern markets.
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.