Midwest
Evergreen Grows Affordable Housing Management Portfolio
The firm added 11 communities totaling nearly 1,000 units located in Illinois, Minnesota, Ohio, Pennsylvania and Wisconsin.
Knighthead Funding Originates 3 Michigan Loans
The financing will be used for various projects in Detroit, Traverse City and Ann Arbor.
Northern Columbus Community Lands $35M Fannie Mae Refi
The financing replaces $29 million in construction financing at the 196-unit Station 324.
Interra Realty Arranges $3M Suburban Chicago Sale
Senior Managing Partner Joe Smazal, Managing Partner Pat Kennelly and Director Paul Waterloo facilitated the transaction.
JLL Arranges Development Financing for Minneapolis-Area Community
The 202,122-square-foot NOVO will feature 192 units in Richfield, Minn.
Skender Tops Out Chicago Shelter
Sarah’s Circle financed the 36,000-square-foot development with a $14 million donation from a national foundation.
Luxury Project Starts Construction in Ohio
Flaherty & Collins Properties is building the $80 million community in Cleveland Heights.
Top 5 Midwestern Markets for Multifamily Transactions
Yardi Matrix data shows that more than two thirds of the $1.5 billion closed in the first quarter involved assets in only five of the region’s metros.
29th Street Capital Buys South Columbus Community
The buyer financed the purchase with a $23.8 million Freddie Mac loan from Newmark Knight Frank.
CEDARst Acquires 2 Historic Buildings in Minneapolis
Through an adaptive reuse project, the company plans to convert the warehouses into a 345-unit community.