Midwest
Cush & Wake Brokers Sale of 294-Unit KY Community
Mike Kemether and Craig Collins of Cushman & Wakefield represented the seller, Stratford Asset Management Co., in the $25.5 million transaction. RealSource Properties acquired the property, Breckinridge Square.
Company Spotlight: Kiser Group
After a strong year, which translated into $144 million in closed transactions, principals Estella and Lee Kiser have decided to focus on company re-branding, culture and staff retention in 2017.
EdR Receives Approval for MS Project
The company, along with Mississippi State University, will move forward with College View, a 1,600-bed student housing campus to be constructed in two phases.
Top 10 Apartment Owners in Chicago
Chicago has a stable market, with more than 8,000 new units scheduled to come online this year. This list highlights the metro’s top private, REIT and institutional owners, based on unit counts, according to Yardi Matrix data.
Meridian Capital Secures $23M for Illinois Community
The equity and bridge financing was obtained on behalf of Odessa Partners and used for the purchase of Stratford Trails, a community in Glendale Heights, Ill. The buyer intends to upgrade the asset.
KTGY Unveils Student Housing Design in WI
Annex Student Living is developing Annex 71, a 140-unit community near the University of Wisconsin-Oshkosh, the state’s third largest school.
29SC Acquires 6th Chicago Community
The asset, Wooded Isle Apartments, is located in Hyde Park, only eight miles from downtown. The community offers 75 units.
Coldwell Banker Acquires McMullen Real Estate
The Chicago-area brokerage firm is the third to join Coldwell Banker in the past three months, following the acquisitions of Groebe Real Estate and Chicagoland Realty Services.
Green Bridge Closes Bulk Cleveland Sale
Investment Group purchased the assets for $2.9 million. The 90-unit portfolio will undergo a renovation process, estimated to cost between $100,000 and $300,000.
Habitat Lands, Assumes Management of Chicago Asset
The multifamily developer and property manager purchased and assumed property management of Eastwood Garden, an affordable community in the Englewood neighborhood. The company will manage two other properties in the Chicago area.