Midwest
Summit Equity Investments Buys IN Senior Housing
Whitmore Investments and Paragus Cos. traded the 66-unit property located in Brownsburg. Tikijian Associates represented the joint venture in the transaction.
MN 55+ Community Sells Above the Listing Price
Lynn Court Apartments in Savage received offers from investors from seven different states, which is believed to be representative for the state of the area’s multifamily market.
Asset Campus Expands Student Housing Management Portfolio
The company has acquired St. Joe Place, a 144-unit community that serves students at Ivy Tech Community College and Purdue University-Fort Wayne.
Construction Surge Stalls Rent Growth in Nashville
The metro’s multifamily market is expanding, bolstered by last year’s historically high levels of completions, which are pushing down occupancy, while limiting rent gains.
Weitz Co. Completes Phase I of Fort Des Moines Adaptive Reuse
Blackbird Investments’ property, which was the site of the training of the first African American officers commissioned into the U.S. Army, will include 142 units when completed.
Dominium Secures $96M for Twin Cities Affordable Housing
When completed, the former Weyerhaeuser lumber site in St. Paul, Minn., will include 241 units for seniors and 121 units for families.
Fifield, Terraco Break Ground in Chicago
Dubbed Logan’s Crossing, the building in Logan Square will feature 220 units and a 27,000-square-foot Target store, in addition to other commercial tenants on the ground floor. The residential component is slated to open in November 2019.
Kiser Group Appoints New Senior Director
Michael D’Agostino joined the company three years ago and brokered the sale of more than 1,000 units. He oversees Chicago North Side transactions.
Historic IA Barracks Redeveloped Into Affordable Housing
Blackbird Investments’ 146-unit asset in Des Moines spans across 13 acres of a 640-acre decommissioned army facility.
CRG Breaks Ground on Chicago Luxury Building
The 12-story tower is slated for delivery in July 2019 and will offer a 2,000-square-foot rooftop deck, dog salon and coffee bar.