Midwest
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.
Dougherty Lines Up HUD Financing for Minneapolis Community
Working on behalf of Albright LP, the company has arranged an $8.5 million loan for the rehabilitation of Albright Townhomes, an 89-unit affordable housing property.
Affordable MN Property Lands $6M Construction Loan
Dougherty Mortgage facilitated the HUD loan for the planned Thomas Avenue Flats in St. Paul. The community is expected to open in spring 2019.
Belgravia Tops Off Luxury Condos in Chicago
Renelle on the River includes 50 units and a yoga room, a game room and an outdoor kitchen. The company is offering virtual tours of the floorplans.
Woda Cooper Opens Partially Affordable Michigan Community
Portland School Apartments is an adaptive-reuse project that consists of 29 new units available for seniors and lower-income working families in Portland, Mich..
Chicago Tower Slated to Become Tallest All-Residential Building in City
Lendlease is the contractor for One Bennett Park in Streeterville, which when completed in 2019 will include 70 stories and 69 units.
Fogelman Properties Hires New Acquisitions VP
Mike Aiken brings more than 12 years of experience to the firm. In his new role, he will oversee the company’s multifamily acquisitions.
NHI Acquires Ohio Senior Housing Portfolio for $70M
Totaling 320 units, the communities will be leased to an affiliate of Bickford Senior Living at an initial rate of 6.9 percent with annual fixed escalators and a 15-year maturity.
Berkadia Brokers Midwest Portfolio Sale
The four communities are located in Illinois, Indiana and Wisconsin and sold for $41.5 million. Alex Blagojevich, Ralph DePasquale, Chris Bruzas and Parker Stewart represented the seller.