Midwest
PROFILE: Harrison Street Real Estate Capital LLC
What sectors of the multifamily industry enjoy the most consumer demand and are the most resilient? Answer that question and you have named the strategy of Harrison Street Real Estate Capital LLC: Harrison Street believes that those two sectors are precisely student and seniors housing.
Condo Property in NW Sububan Chicago Tries Rent-to-Own
The Heritage of Palatine, a new condominium development in downtown Palatine, a northwestern suburb of Chicago, has started a rent-with-option-to-buy program on a handful of its remaining units.
New Seniors Housing Opens on West Side of Chicago
Habilitative Systems Inc. has opened the Enola A. Dew Apartments for Senior Living on the West Side of Chicago. The $10 million, 60-unit complex was funded by HUD and the city of Chicago Department of Housing.
MARKET SNAPSHOT: Kansas City’s Predictability Leads Investment Interest to Double
Kansas City, Mo.–Investment interest in the Kansas City metro has nearly doubled, reports Mac Crowther, principal in ARA’s (Apartment Realty Advisors) Kansas City, Mo. office.
High Rise Means Higher Profile for Windy City University
The new vertical campus of Chicago’s Roosevelt University promises to give the Loop-based institution higher visibility on the Windy City higher education scene.
Affordable Seniors Developer Launches New Website Targeting Its Market
Searching online for market-rate apartments to rent is the norm these days, and ANHC believes that seniors are also picking up on this trend.
TODAY’S DEALS: MAA Acquires a 300-Unit Community in Tennessee
MAA buys a 300-unit community outside Nashville; MAA brokers the sale of a 100-unit asset in Oceanside, Calif.; and Berkadia Houston originates $34 million in acquisition loans for properties in Texas, Ohio.
Resident Rewards Program Garners Prodigy Award for Barrington Group
Barrington Group Inc. got rave reviews from residents soon after launching its Resident Rewards incentive program one year ago, and now the apartment property management company has garnered kudos from peers in the multifamily industry.
MARKET SNAPSHOT: Indianapolis Fundamentals Remain Strong; Investors Seek All Asset Classes
Indianapolis–Indianapolis is doing well, from an economic standpoint. Both the city and the state of Indiana have balanced budgets, points out George Tikijian III, CCIM, senior managing director of Tikijian Associates, who asserts that the state is performing better than most others in the Midwest.
Suburban Chicago Builder Turning Renters into Buyers
A new rent-to-own program at The Heritage of Palatine, a condominium development in a Chicago suburb, is helping turn once skittish prospects into renters for a year, and into buyers after that.