Midwest
True North Sells 512-Bed TN Community
The property, which also landed new management, offers a mix of one- to four-bedroom student apartments near Middle Tennessee State University.
Marcus & Millichap Brokers Sale of MN Community
A limited liability company sold Mount Royal Manor for nearly $11 million. The mid-rise community is situated near the University of Minnesota Duluth campus.
Elmington Lands $24M Construction Loan
The two-year HUD loan will finance the development of Twelfth & Wedgewood, a 153-unit affordable housing project in Nashville.
American Realty Advisors Welcomes New Executive VP
Based in Chicago, industry veteran Glen Weisberg will oversee the firm’s multifamily acquisition and disposition strategy.
Castle Lanterra Sells $50M Chicago Community
The 424-unit Midpointe underwent extensive upgrades to both the interiors and exteriors, including the addition of a resident lounge and fitness center created from underutilized storage space.
HFF Secures $49M for Stadium View in MN
The 277-unit, 956-bed Minneapolis community serves students at the University of Minnesota and includes a fitness center, a game room, tanning beds and a 24-hour concierge.
UW-Milwaukee Student Housing Development Fetches $8.3M
Triad Real Estate Partners represented Wangard in the sale of The Park at 1824, a 61-unit, 173-bed community.
Impact Seven, Rule Enterprises Start Milwaukee Affordable Community
The new $12.2 million development will consist of 60 units open to military veterans and working families. On-site support services will also be provided.
The Midwest—The Hottest Market for Smart Communities
Smart home systems are a perfect differentiator for many developers and managers. With many new smart communities popping up across Midwestern cities, we’ve asked IOTAS CEO & Founder Sce Pike to discuss the attractiveness of smart projects in this region.
On the Market: 5 Interesting Listings for the Week of 2/19
This week’s listings include two recently constructed properties in Florida and a condominium offering in Vineland, N.J., which has seen historically high occupancy rates since its delivery.