Midwest
LEM Closes $13M Transaction in Chicago
The 448-unit, garden-style apartment community was acquired in a joint venture with a locally based owner-operator.
Origin, Draper and Kramer Acquire Suburban Chicago Property
The joint venture purchased the 448-unit community for $48 million.
CDT, Millennia to Preserve KC Affordable Housing
The joint venture announced an equity investment in Kensington Heights Apartments, a 126-unit apartment building.
Partnership Lands $170M Loan for Luxury Chicago Tower
Oxford Capital Group and Quadrum Global secured financing for Essex on the Park, a 479-unit project on Michigan Avenue.
Berkadia Secures $50M in Financing for Cleveland Project
The company secured the loan from Related Fund Management for the development of Centric Apartments, a 272-unit community.
Commonwealth Development Buys IN Site for Affordable Housing Project
The company is planning 35 units on the former site of a Chevrolet plant in Muncie.
GracePointe Crossing Breaks Ground on $50M Expansion
The Cambridge, Minn., redevelopment includes the addition of 50 senior units and 18 assisted living memory care apartments.
Detroit High-End Mixed-Use Development Opens
Broder & Sachse Real Estate and Woodborn Partners are calling the property “something totally new” for the city.
BrightStar Senior Living to Open Second WI Location
The assisted living and memory care facility is slated to open in early 2018.
Hunt Mortgage Provides $5M Refi for Affordable Property
The Freddie Mac loan will refinance Lodge Apartments, a 140-unit community in Columbus.