Midwest
JVM Starts Renovations on Kansas City Communities
The upgrades include revamped clubhouses and common areas. Apartment units will also be improved over the next couple of years.
Bellwether Closes $62M in Financing
The properties include a 116-unit community in New York, a 192-unit community in Texas and an industrial property in Ohio.
Foxford Launches Sales of Chicago TOD
The 28-unit property, which also features retail space, will be the first transit-oriented condo development in the Western Springs, Ill., neighborhood.
Ascend’s Niche 905 Unveiled in Chicago
The 18-story, 202-unit luxury tower featuring an array of lifestyle amenities is located on Near North Side.
4-State, 2,515-Unit Portfolio Commands $430M
Blackstone acquired six properties in Texas, Florida, Kansas and Illinois from The Realty Associates Fund IX, part of TA Realty’s flagship fund series.
Nashville’s Largest Mixed-Use Project Begins Construction
Fifth + Broadway will feature 350 residential units, 235,000 square feet of retail and entertainment space, 385,000 square feet of Class A office and more than 2,000 parking spaces.
BRT Nabs 3 St. Louis Luxury Communities
Through joint venture partnerships, the REIT purchased Vanguard Heights, The Tower at OPOP and The Lofts at OPOP for some $75 million. Meridian Capital Group arranged financing for all three acquisitions.
Torchlight Provides $80M Refi for Suburban Chicago Community
The firm recapitalized 500 Station, a 417-unit asset in Aurora, Ill., with senior and mezzanine financing. Aurora is connected by local shuttle to the Route 59 commuter rail station, which offers express service to central Chicago.
ASC Arranges Financing for Chicago Multifamily Asset
Winthrop Place, located in Edgewater, will benefit from a $1.5 million refinance loan. The 1968-built property consists of 16 studios and 41 one-bedroom units.
Illinois Senior Living Communities Change Hands
Senior Living Investment Brokerage Inc. sold Keystone Gardens and Keystone Meadows for $12 million. The two properties have nearly 100,000 square feet combined.