Midwest
CNL Healthcare Trust, Sunrise Senior Living Form JV
CNL Healthcare Trust Inc. and Sunrise Senior Living Inc. have formed a joint venture to own seven seniors housing properties.
KBS Legacy Partners Purchases Chicago Suburban Property
New apartment community supply has been constrained in and near the Chicago suburb of Lombard, Ill., in recent years. That made Martin’s Point an attractive acquisition target for KBS Legacy Partners Apartment REIT.
New Housing for Low-Income Seniors Breaks Ground Near Akron
Groundbreaking ceremonies were recently held for the AHEPA 63 Apartments, a new residential community for low-income older adults in Ohio.
MHN Interview: Why Now Is a Good Time for Multifamily Acquisitions
MHN speaks with W. Dean Henry, president of Legacy Partners Residential, about why now is the best time for multifamily acquisitions.
Report Reveals Favorable Multifamily Prospects For the Foreseeable Future
A recent report by TD Economics, an affiliate of TD Bank, confirms the generally positive state (for landlords) of the U.S. multifamily housing market.
Report Sees Greater South Atlantic Development Opportunity
Construction activity slumped markedly during the recession, resulting in good near-term opportunity for increased building of multifamily housing in every state.
MARKET SNAPSHOT: Vacancy in Milwaukee Ticks Up Slightly with Expanding Development
The city of Milwaukee is set to see the largest increase in apartment inventory since 2000, with 700 units expected to come online by year’s end.
Opus Begins Construction on Village of Lisle Luxury Multifamily Development
Opus Development Corporation has begun construction on Arboretum Landmark, a four-story luxury apartment complex in Lisle, Ill.
Vacancies Down, Rents Up in Chicago Apartment Market
Recently employed residents are forming new rental households in Chicago, which generates positive net absorption of apartment units; however, there isn’t enough supply yet to meet that increasing demand.
Steadfast Income REIT Acquires Luxury OKC Property
Steadfast Income REIT has made its second Oklahoma City-area acquisition of the young year.