Midwest
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.
PGIM Adds to St. Louis Office
Richard Orf will fill the deputy chief underwriter position, while Tiffany Baymiller will be the new closing manager for the firm’s Federal Housing Administration lending program.
CBRE Secures Sale of 1,720-Bed Student Housing Portfolio
The four properties serve students attending the University of Wisconsin, Auburn University and Florida State University.
Dominium Breaks Ground on MN Senior Housing
Located in a suburb of St. Paul, Legends of Woodbury is a 216-unit affordable community that will feature a pair of apartment buildings with a central, two-story clubhouse.
JV Breaks Ground on Chicago Senior Housing
Ryan Cos. LCS and Harrison Street Real Estate Capital have started construction on Clarendale of Addison, a 188-unit community in Addison, Ill.