Midwest
Detroit Multifamily Report – Fall 2020
While the metro’s economy recorded a steep drop, rent growth remained resilient, heavily outperforming the U.S. average.
Greystone Arranges $95M Financing for Multifamily Trio
The Freddie Mac loans will refinance two Class B communities along the East Coast and one in the Midwest.
The Habitat Co. to Manage 1,010 Chicago Units
The firm is adding two condo properties in the South Loop and Bronzeville neighborhoods to its management portfolio.
Suburban Chicago Community Lands $55M Refi
Greystone originated the 35-year, HUD Section 223(f) loan for the 360-unit community in Bloomingdale, Ill.
Wimmer Communities Lands $26M Loan for Milwaukee-Area Property
NorthMarq provided Freddie Mac financing for Poplar Creek Club, a recently completed community in Brookfield, Wis.
World’s Tallest Mass Timber Tower Lands $88M Loan
The 259-unit, 25-story Ascent community in Milwaukee is set to deliver in the summer of 2022.
Spruce Properties Expands to Iowa with $57M Portfolio Buy
The six communities comprising some 500 units are scattered across suburban Des Moines, in Ankery, Waukee and Polk City.
Essex Realty Arranges 2 Sales in Chicago’s Lincoln Park
The brokerage worked on behalf of all parties in the sales totaling $14.4 million.
Capstone Arranges Nashville-Area Portfolio Sale
Alex McDermott, Adam Klenk, Tyler Mayo and Jonathan Hawks spearheaded the sale of the renovated garden-style properties.
Minneapolis Residential Project Lands $22M Loan
The upcoming 128-unit property will be among the first projects to rise in one of the city’s Opportunity Zones.