Midwest
Detroit Multifamily Report – August 2022
Detroit’s limited new inventory continued to boost rent development. Despite a decline, the occupancy rate still remained high, at 96.5 percent.
Bellwether Obtains $23.6M for two Communities
Southsider and The Roberston mark Bellwether Enterprise’s sixth and seventh closings this year.
PCCP JV To Build Twin Cities-Area SFR Community
The first townhomes are are expected to come online in early 2023.
Public Storage Buys 338-Unit Iowa Facility
Argus Broker Affiliates facilitated the transaction on behalf of the seller.
Thompson Thrift to Break Ground on Missouri Luxury Community
The Depot will be the developer’s third community in Missouri.
Standard Communities Acquires Partially Affordable Chicago Asset
The buyer financed the purchase with low-income housing tax credits secured in partnership with Boston Financial Investment Management.
Evergreen Tops Off $30M Indiana Affordable Senior Housing
Drawing on extensive experience in developing ground-up assisted living communities, the company is nearing completion on the first of two Indiana assisted living communities for low-income older adults.
The Midwest Is Attracting Record-High Capital. Here’s Why
Northmarq’s Jeff Lamott on the region’s strengths and what to expect.
All Pro Capital Buys Milwaukee-Area Facility
The 511-unit property came online in 2020.
Axiom Acquires $41M Madison Asset
The property last traded in 2008 for $7.2 million.