Midwest
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.
Top 10 Apartment Owners in Kansas City
As rising apartment prices in the city’s metro area have tempered investment activity in the multifamily sector, many of the top property owners continue to be local companies.
Prescient Delivers Chicagoland Luxury Community
The company used a proprietary modular construction system to complete the property, which is located steps from downtown Lake Forest., Ill.
Manufactured Property Receives $16M Refi in Kansas City
Lakeview Terrace, a recently renovated community comprising affordable mobile homes, has received $16 million in refinancing through Freddie Mac.
Eyzenberg & Co. Arranges Financing for Chicagoland Community
The owner, a joint venture between Auerbach Funds and Sinatra & Co. Real Estate, will use the money to pay off initial acquisition loan and continue renovation work.
Dominium Completes Upgrades at Cincinnati Community
The developer, which is also the previous owner of the property, partnered with National Housing Trust to remodel all 137 units as well as the common areas.
Arbor Refinances Michigan Student Housing Community
Glenwood Apartments in East Lansing, Mich., obtained a fixed-rate loan with a 35-year term. The owner, DTN Management, purchased the student housing community in 2006.
Asset Campus Expands Management Portfolio
The company took over operations for two student housing properties totaling 551 beds. The communities serve students attending the University of Notre Dame.
IN Affordable Assisted Living Facility Lands $17M Financing
Walker & Dunlop provided the 40-year construction loan through HUD’s Low-Income Tax Credit for Oasis at 56th that will feature 51 studios and 73 one-bedroom apartments.