Midwest
Detroit Multifamily Report – March 2024
While most of the Midwest has seen a resurgence, the Motor City has been treading water.
U-Haul Breaks Ground on 1,400-Unit Self Storage Facility
Completion is expected for early 2025.
Woda Cooper JV to Develop Michigan Affordable Project
The community will include permanent supportive housing units.
StorageMart Adds 2 Assets to Portfolio
Both facilities are scheduled to undergo capital improvements.
Sheiner Group Subsidiary Enters Indiana With Value-Add Deal
Port Crossing Apartments has an occupancy rate of 98 percent.
Milhaus, HGI Break Ground on 359-Unit Columbus Project
First Internet Bank of Indiana provided a $51 million construction loan.
Icarus Investment Group Buys Chicago Asset
The investor also assumed the outstanding balance of a CMBS loan held by Fannie Mae.
Woda Cooper JV Starts Construction on Ohio Affordable Project
The development is on track for completion by mid-2025.
CEDARst Lands $44M Refi for Chicago Community
The property is situated in the West Loop, near Fulton Market.
Thrive Cos. Lands $166M in Refis for Columbus Communities
Affinius Capital provided debt to the properties.