Midwest
Minn. Affordable Rental Community Garners LEED Silver Certification
Cascade Creek Apartments, a mixed-use development offering 40 affordable housing units, has been awarded LEED Silver Certification by the U.S. Green Building Council.
Apartment Specialist McKinley Expands into Student Housing
McKinley, an owner and manager of about 33,000 apartment units, is expanding into student housing.
Historic Rehab Uses 1000-Plus Energy-Efficient Windows
In an example of a major green upgrade to an old multifamily structure, Community Housing Concepts and the Monroe Group, owners of the Castle Park Apartments complex in Normandy, Mo., have overseen the installation of about 1,100 new energy-efficient windows during the major rehabilitation of the structure.
Senior Affordable Housing Apartments in Canton Receive $10 Million from AFL-CIO Housing Investment Trust
The AFL-CIO Housing Investment Trust has agreed to invest $10 million in the rehabilitation of the 144-unit Mayfield Manor Apartments, a senior affordable housing community in Canton, Ohio.
HIT Invests $11 Million to Revitalize Two Chicago Affordable Housing Developments
The AFL-CIO Housing Investment Trust, a fixed-income investment company, is providing $11 million to fund substantial rehabilitation of two Chicago-based affordable housing developments.
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.