Midwest
National Asset Services Increases Presence in OH
The company has expanded its nationwide property management portfolio with the addition of 189 condo and apartment units outside Columbus.
Foxford Kicks Off IL Condo Construction
Located in Western Springs, the transit-oriented development will include 28 units, and each include a parking spot in the community’s heated garage.
Top 10 Posts from 2017
Miss out on any MHN articles? Catch up with our most popular posts of the year.
Draper and Kramer Opens St. Louis Apartments
The Flats at EVO include 46 townhomes in Richmond Heights, Mo. This marks the second phase of EVO, which features an adjacent four-story, 281-unit community that opened last year.
Cortland Partners Enters Nashville With $70M Acquisition
The company purchased a newly built, 322-unit community on the southwestern side of the city, located off of Interstate 40.
Steadfast Acquires Indianapolis Property for $45M
Avery Point Apartments, a 512-unit community, includes 58 two-story buildings with one- and two-bedroom units, and two-bedroom townhomes that average about 900 square feet.
CBRE Secures $25M MN Community
Granite Woods Minneapolis purchased the 192-unit property, which is located in Plymouth. Brokers Keith Collins, Abe Appert, Ted Abramson and Ike Hoffman negotiated the transaction.
OH Apartments Snag $17M Financing
Pillar originated the loans for two properties in Columbus. The financing includes 10- and 15-year terms and 30-year amortization schedules.
JV Snags 28-Property Portfolio in Sunbelt Region
Acting on behalf of Carroll Multifamily Real Estate Fund V, Carroll Organization and PGIM Real Estate purchased the assets from affiliates of Lone Star Funds.
Chicago Makes Room for More Growth
The metro continued to attract companies looking to relocate or expand, producing job gains in high-paying sectors, including financial activities. The city was slated to add some 9,000 multifamily units to its inventory in 2017, marking a post-recession high.