Midwest
Top 10 Columbus Multifamily Transactions
The city is quickly becoming the most important economy in Ohio, thanks to its relatively affordable housing and growing economy. This year, more than 2,000 units traded for a total of $266 million.
Timberland Partners Sells Omaha Community
Vukota Capital secured a $24.7 million bridge loan to acquire and renovate Legacy Crossing, a 408-unit garden-style property in the city’s North Central submarket.
Grandbridge Real Estate Lands $22M for SD Project
The upcoming student housing community will feature nearly 500 beds and will be serving the University of South Dakota, located within walking distance.
Record Supply Takes Its Toll in Detroit
The high number of multifamily units completed in 2017 moderated rent growth, which nevertheless continues to outpace the national average.
J.C. Hart Acquires 102-Unit Indianapolis Community
Built in 2016, The Flats at Switch offers more than 9,800 square feet of retail space and was more than 90 percent occupied as of June.
MACC JV Grabs TN Portfolio
Hyde Capital Group traded the two communities, totaling 456 units, for more than $32 million. The new owner plans to renovate both assets.
Greystone Provides $77M for IN Asset
The company facilitated the loan for Bayshore Properties’ 1,337-unit Park West Apartments in Griffith. The 12-year, fixed-rate Fannie Mae loan includes six years of interest only.
Downtown Boom Drives Demand in Cleveland
The metro’s urban core reached a milestone of 15,000 residents and more than 95,000 jobs in 2017, making it the largest downtown in Ohio.
Monument Capital Acquires 2nd Chicago-Area Property
The 222-unit community is located in Mount Prospect, Ill., across the street from the company’s other asset, purchased in the summer of 2017.
Columbus Community Changes Hands
The buyer took out a 10-year Freddie Mac acquisition mortgage to finance the transfer. Pinnacle Financial originated the loan.