Midwest
Emma Capital Lands $64M Indianapolis Portfolio Deal
The three properties total 849 units and represent the first purchase the company completed in this market. Renovation work will begin once the final transaction closes.
Terra Properties Nabs St. Louis-Area Community
The firm financed the acquisition of the 128-unit market-rate asset with a $510,000 Fannie Mae loan originated by Dougherty Mortgage.
8-Property ID Student Housing Portfolio Trades Hands
Marcus & Millichap secured the buyer and seller for the Rexburg properties, which are all near Brigham Young University-Idaho and include a total of 1,546 beds.
Senior/Multifamily Luxury Community Approved in Dayton
The development will provide 242 senior living and 276 multifamily units. The Grand of Sugarcreek, the retirement component, is scheduled to break ground in the third quarter of 2018.
Middleburg Names New Regional Property Manager
Danielle West brings more than 15 years of experience to the firm and will be responsible for managing the company’s newly developed communities.
St. Paul Community Attracts High Investor Competition
Marcus & Millichap arranged the sale of Priscilla Street Villas, an 11-unit apartment building in Saint Paul, Minn. The property was sold for an amount above the asking price.
Timberland Breaks Ground on MN Asset
The 222-unit Elevate at SouthWest Station Apartments, located in the Twin Cities suburbs, is scheduled for completion by August 2019.
Mills Properties Trades St. Louis Community
Brass Enterprises picked up the 178-unit Class A luxury property, which opened in 2016 and includes a Whole Foods Market on the ground floor.
ERC Cos. Breaks Ground on MO Luxury Apartments
PURE St. Peters Apartments is a 143-unit, pet-friendly community that includes onsite management through 2B Residential.
Greystone Provides $36M for MI Asset
Gables of Troy, a 544-unit community in metro Detroit, will receive a HUD-insured Green Rewards refinancing loan. The 35-year mortgage carries a low, fixed interest rate.