Survey: Most Tenants Don’t Bother With Renters Insurance

Chicago–According to a recent report by Apartments.com, most apartment dwellers don’t have renters insurance.

DEAL OF THE DAY: NorthMarq Arranges $28.876M Freddie Mac Refi for Mixed-Use Property

Chicago– NorthMarq Capital’s Chicago office has arranged fixed-rate financing of $28.876 million for Pensacola Place.

Multifamily Finance: A Tough Road, But Not Impossible

MHN recently spoke with Ryan Welsh, principal at Aries Multifamily, about the prospects for multifamily finance in the near- to mid-term.

MARKET SNAPSHOT: New Product in Kansas City Outperforms the Old

Kansas City, Mo.—The newest apartment product in Kansas City is currently outperforming the rest of the metro area.

DEAL OF THE DAY: Marcus & Millichap Lists $21M Distressed Mobile Home Park for Short Sale

Westland, Mich.–Marcus & Millichap Real Estate Investment Services retained the exclusive listing for Westland Meadows.

DEAL OF THE DAY: Bernard Financial Sources $13M Financing for Mich. Property from Life Insurance Co.

Bernard Financial Group arranged a $13,000,000 loan for the Westlake Apartments. The financing comes from Minnesota Life insurance Co.

Leasing Agents Can Now Connect with Renters Through Live Chat

Chicago–This will allow renters to contact leasing professionals instantly.

DEAL OF THE DAY: Hendricks & Partners Helps Bank of America Sell Michigan REO Portfolio

Detroit–Hendricks & Partners has completed the sale of the Greenfield Portfolio, located in Detroit.

Affordable Apartment Project in Chicago Goes Green

Chicago–$9.8 million came through the federal American Recovery and Reinvestment Act.

DEAL OF THE DAY: NorthMarq Arranges $7.6M Mortgage via AmeriSphere Affiliate

Richfield, Minn.–NorthMarq Capital’s Minneapolis regional office arranged first mortgage financing of $7.6 million for The Oaks on Pleasant.