Midwest
Village Green Buys Streeterville Apartments, Plans Improvements
Village Green has acquired a 21-story, 147-apartment community in the Streeterville neighborhood of Chicago. Plans call for a repositioning and rebranding.
Jones Lang LaSalle Closes Sale of Nashville Community
Jones Lang LaSalle closes the sale of West End Village, a newly built Nashville community, on behalf of The Residential Group and Edge Principal Advisers.
Advenir Acquires a Sizable Community in Texas
Advenir acquires a 295-unit Class A community in Mesquite from Virtu Investments.
Stonemark Adds Another 1,600 RADCO-Owned Units to its Portfolio
Stonemark Management has expanded its management partnership with The RADCO Cos. in a big way.
BC Properties Acquires Nashville Apartment for $57M
BC Properties has acquired the Lakes of Bellevue, a 624-unit apartment community, for $57 million from Harbor International Group.
TODAY’S DEALS: Haley Real Estate Makes $82.2M Acquisition of Multifamily Communities in Texas, Alabama and Georgia
Haley Real Estate Group, an Omaha, Neb.-based investment firm, announced the acquisition of six multifamily properties; and NorthMarq Capital arranged a $10.66 million Freddie Mac refinancing.
Monarch Buys Kansas City Apartments from Equus for $21M
Madison Walnut Creek, a 350-unit apartment complex in Kansas City, has traded hands for $21 million. Denver-based Monarch Investment and Management Group bought the property from Philadelphia-based Equus Capital Partners Ltd.
TODAY’S DEALS: Cohen Financial Arranges $9,89M+ in Fannie Mae, CMBS financing
Cohen Financial’s Dan Rosenberg secured a total of $9.894 million to refinance two multifamily properties; and Marcus & Millichap brokers a seniors housing sale for $33 million.
MHN Interview: Steadfast’s Ella Shaw Neyland
Steadfast Income REIT had a banner 2013, adding nearly $1 billion to its portfolio of moderate income apartments. Big things are on the horizon as Steadfast launches its second public company, Steadfast Apartment REIT. Ella Shaw Neyland fills MHN in.