Midwest
Aeon to Develop New Affordable Housing in Twin Cities
The nonprofit plans to build Greenway Terrace Apartments, a 54-unit community in Ramsey, Minn. The grand opening is expected in late 2018.
IN Student Community Receives $14M Refi
The refinancing includes a cash-out component and also benefits from Fannie Mae’s Green Rewards program. The community is fewer than two miles from Indiana University.
Startup Scene Boosts St. Louis Rental Market
Following the path of other Midwestern metros, the city is slowly transforming from an industrial center into a modern city with solid job gains in the health-care, business and technology sectors.
Waypoint Acquires Asset Near Chicago
KIG CRE arranged the sale of Two Itasca Place, a 70-unit property located in Itasca, Ill. The asset is one of Waypoint’s first acquisitions in the Midwest.
Dominium Completes Renovations on MN Affordable Asset
The company invested $9 million on interior, exterior and common-area upgrades to the 176-unit Park Haven.
Retirement Community Breaks Ground in Suburban Chicago
The 100-unit property, developed by Senior Lifestyle Corp., will encompass assisted-living apartments and memory care residences and is expected to be completed by the end of 2018.
Opus Completes 2nd Missouri Luxury Community
The 120-unit Ceylon Luxury Apartments is located in Clayton and joins the recently completed Citizen Park. Smoothie King will be the community’s first retail tenant.
Dougherty Closes Fannie Mae Loan for 196-Unit TN Property
The national mortgage banking firm facilitated an $8.4 million loan for the refinancing of The Hills at Oakwood Apartment Homes in Chattanooga. S&S Property Management owns and manages the community.
Fourmidable Secures Management Deals for Ohio Communities
The company will run several Section 8, tax credit and public housing communities throughout the state. The properties total 395 units.
Winds of Change Buffet Chicago Multifamily
At the Lincoln Park Builders of Chicago Real Estate Forum, panelists shared insights on what’s next for the city’s development market.