Midwest
CareTrust REIT Nabs Grand Rapids-Area Skilled Nursing Portfolio
In a sale-leaseback arrangement, the 464-bed, five-property ensemble traded for roughly $41.5 million including transaction costs.
Dougherty Closes Fannie Mae Loan for Twin Cities-Area Community
The mortgage banking firm facilitated a $7.3 million loan to refinance Green Twig Villas, a 62-unit affordable housing property in Oak Park Heights, Minn.
Peak Campus Lands Chicago Management
The 240-bed, high-rise student community in the heart of the city’s South Loop neighborhood sits immediately adjacent to East West University.
Timberland Grows in Twin Cities, Obtains $50M Loan
The company will add one more community to its Twin Cities portfolio of nine properties. The new construction will be adjacent to the planned METRO Green Line Extension.
Golub & Co., USAA Buy Chicago’s Century Tower
The joint venture plans to renovate the historic building and transform the existing 292 condominiums into luxury apartments.
ZOM Living to Break Ground on Luxury Chicago Property
The 357-unit community is Union West in the Loop downtown district. It will consist of two Class AA, Green Globes-Certified residential towers atop a three-story podium.
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.