Midwest
Minneapolis Community Receives $13M Refi
Dougherty secured a 35-year term loan for the refinance of a Minneapolis community. The company plans a $3.4 million upgrade of the property as part of the transaction.
Dougherty Secures $14M HUD Loan for Minneapolis Community
The company secured a 35-year term loan for Prairie Meadows Townhomes, a community located in Eden Prairie, Minn. The property consists of 168 fully affordable units.
PAC Lands 242-Unit Louisville Community
The company financed the acquisition by assuming a mortgage loan insured by the U.S. Department of Housing and Urban Development.
MHN’s Top 5 April 2017 Articles
Miss out on any MHN stories in April? Here are five of our most popular articles for the month, including the top 10 apartment owners in Los Angeles and the status of Chicago development.
Oakwood to Manage Columbus Mixed-Use Project
The local property management company will manage River & Rich, a 230-unit project currently underway downtown Columbus, Ohio. The community is set to open during summer 2018.
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.