Midwest
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.
Peak Campus Adds 2 Midwest Assets to Portfolio
The company will manage Campus View and University Meadows, two student housing communities totaling 1,272 beds. The properties are located in Missouri and Michigan.
Going With the Flow in Knoxville
Recent population gains sustain a strong demand for apartments across the metro, boosting development, which is on track to exceed the cycle average this year.
Nashville Asset Lands $31M HUD Loan
LSA Capital will begin extensive renovations to Haynes Garden Apartments, a 208-unit affordable housing property with 17 buildings.
Pathway to Living Acquires MI Senior Housing
Elmcroft of Kentwood in Kentwood includes 69 assisted living and 12 memory care units. The company will undertake a capital improvement program that will include upgrading interiors and adding additional spaces to support a wellness-focused lifestyle for residents.
Chicago’s Hartman Building Lands $45M Financing
Walker & Dunlop arranged the construction loan through HUD. The funds will go into turning the office building into a multifamily property.
NorthMarq Capital Arranges $20M for St. Louis Community
Hibernia Apartments, a 100-unit property, includes a 16,000-square-foot ground-floor retail space that will be filled by a grocery store.
CBRE Facilitates Sale of 540-Unit KY Community
Shamrock Communities sold Mallgate of St. Matthews to Sundance Bay for $42.5 million. CBRE’s Steve LaMotte, Dane Wilson, Bryan Flaherty and Eric Nelson represented the seller.