Midwest
Interra Closes 3 Chicago Sales
The properties are located in the suburb of Evanston and two North Side city neighborhoods, Avondale and Rogers Park. The combined transaction price was $10.1 million.
Knoxville Fights for Position
The city is in the midst of a rental housing revival, spurred by trend-defying economic development.
JV Pays $58M for Brand-New Iowa Apartments
Kimberly Development’s sale of the luxury 434-unit Autumn Ridge Apartments in suburban Des Moines will be completed in two phases.
Kansas City Grows From the Core
Young professionals continue to fuel multifamily development in the area, with rent growth registering a slight rebound in the first part of 2018.
Top 10 Largest Multifamily Completions in Indianapolis
Despite two strong years for inventory growth, demand for new units has continued to grow across the metro, putting pressure on builders. Overall, rental projects have stayed moderate in size—up to 250 units.
Lion Real Estate Roars Into Nashville
The company acquired the 1973-built Highland Cove, a 206-unit property that traded for $16.6 million in an off-market transaction.
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.