Midwest
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.
JV Buys Recently Built Chicago-Area Senior Housing Property
Virtus Real Estate Capital and Pathway to Living are the new owners of The Grandbrier at Prospect Heights, a 101-unit assisted living and memory care facility in Prospect Heights, Ill.
Historic Student Community Opens After Renovation
Corbin Hall at the University of Kansas, Lawrence now offers 149 bedrooms for women. Upgrades include new mechanical systems, a new main entry and improvements to all rooms, restrooms and public spaces.
Cohen-Esrey Acquires 352-Unit KC Community
The previous owner of the 1986-built property invested close to $2.5 million in renovations and upgrades during the last five years.
Spectrum Retirement to Add 2 Properties in Suburban Chicago
The communities located in Elgin and Algonquin are set to provide a total of 341 units, including independent living, assisted living and memory care facilities.
City Club Apartments Breaks Ground in KC
The development is located in the city’s Crossroads neighborhood and is set to include 283 units, as well as retail and dining space.
Hunt Real Estate Capital Arranges Refi for Vintage Chicago Asset
The new financing for the 1918-built community will be used to refinance its existing loan, while $1 million will be allocated to capital improvements.
JVM Realty Snags Suburban KC Asset
Acquired from The Milestone Group, the community is located 20 minutes from downtown Kansas City in Lee’s Summit, Mo. Renovations are planned for the property, JVM’s 10th in the metro.
Metro Omaha Development Lands HUD Financing
Graham Development’s 544-unit project in Papillion, Neb., is part of a planned community featuring a minor-league ballpark and a future 60-acre entertainment district. MidHudson LLC secured the federal funding.