Midwest
Active Adult Living Community Underway in Chicago Suburb
TWG Development’s first project in the greater Chicago area will bring 174 units to Naperville, Ill.
Southern Minnesota Affordable Community Sells for $13M
The buyer financed the 144-unit acquisition with a $10.1 million Fannie Mae loan.
PNC Bank Sells Chicago Affordable Housing for $30M
The new owner will begin renovating the 240-unit community opposite the planned Obama Presidential Center next year.
Chicago Multifamily Report – Summer 2021
As far as gateway markets go, the Windy City fared relatively well going into the second quarter.
New Frontier Buys Chicago-Area Senior Living Asset
The 120-unit affordable community known as Riverwalk commanded close to $9 million.
Indianapolis Affordable Housing Lands Equity Investment
The capital from Woodforest National Bank and CEI-Boulos Capital Management will support the 188-unit brownfield Opportunity Zone development.
Dwight Capital Closes $35M Loan for Detroit-Area Asset
The HUD loan retires another agency-backed loan for the 254-unit community in Novi, Mich.
Twin Cities Multifamily Report – Spring 2021
Following a rocky 2020, the Minneapolis-St. Paul market kicked off this year on the mend.
Dwight Capital Provides $56M Loan for 8 Suburban Chicago Assets
Lexington Health Network will use part of the loan to refinance the properties’ existing capital structure.
Chicago-Area Supportive Living Facility Breaks Ground
A 100-unit redevelopment project is taking shape some 12 miles west of the city’s downtown.