Midwest
Marquette Cos. Scores $56M for Chicagoland Deal
HFF facilitated acquisition financing for Willow Creek, a 14-building community in Elk Grove Village, Ill. Calling the property “a diamond in the rough,” Marquette plans extensive upgrades.
Top 10 Twin Cities Multifamily Transactions
The market’s strength has attracted a number of out-of-state investors such as TIAA, FPA Multifamily and Mapletree US Management that paid significant prices for top communities in the area.
Revitalizing Kansas City’s Columbus Park
Known as the metro’s “Little Italy,” the neighborhood is one of several areas near downtown to welcome innovative redevelopment initiatives.
Campus Advantage Acquires 6 Student Housing Properties
The developments, located in Alabama, Illinois, Oregon, Tennessee and Washington, add 714 units and 1,910 beds to the company’s portfolio.
JV Buys 152-Unit IN Student Housing Community
The Park on Morton campus offers 6,000 square feet of additional retail space and serves students attending Indiana University.
Luxury Multifamily Community Receives $40M Loan
KeyBank Real Estate Capital has originated a Fannie Mae for Peyton Stakes in Nashville, Tenn. The 249-unit property was built in 2017.
MN Affordable Housing Secures $16M
Real Estate Equities’ Eastgate Apartments in Rochester, the site of a former dance club, will include 135 units.
MO Condo High-Rise Finishes Construction
The Cypress at the Lake in Central Beach includes 61 luxury units and a private marina, car charging stations and an indoor/outdoor wine bar.
Robust Demand Keeps Occupancy Up in the Twin Cities
The metro’s multifamily market is an investor magnet, boosted by the presence of Fortune 500 companies and a strong education system, which continue to attract new residents to the region.
Cleveland Luxury Property Receives $93M Refi
Bellwether Enterprise’s Flats at East Bank Apartments is an eight-story, 241-unit community that features 13 restaurants.