Midwest
Indianapolis Multifamily Report – Fall 2019
Spurred by robust population growth and household creation, the city’s rental demand is keeping up with supply.
New Affordable Housing Development Set for Chicago Area
Construction has begun on a mixed-use project offering 72 units in Maywood, Ill.
Elevation Enters Indiana Senior Housing Market
The private equity investment company paid $20 million for a 496-unit affordable senior community in Indianapolis, its largest transaction to date.
Passco Spends $90M in Suburban Chicago
KeyBank financed the acquisition of the recently developed luxury community in Vernon Hills, Ill.
City Club Apartments Kicks Off Detroit Redevelopment
The $25 million project will update the 1974-built tower and designate 20 percent of the units as affordable for the property’s current residents.
Essex Realty Facilitates Chicago-Area Sale
The firm brokered the sale of a 39-unit transit-oriented property located in Naperville, Ill.
Kiser Group Brokers Chicago Community Sale
Matt Halper and Marco Cesario worked on behalf of the buyer. The 48-unit asset traded for $8.3 million.
JV to Build Luxury Project in Chicago Opportunity Zone
The 202-unit community is one of the city’s first and largest multifamily Opportunity Zone developments to take shape.
Herman & Kittle Properties Opens Affordable Community in Indiana
The Gables in Greenwood features both market-rate and low-income housing tax credit apartments in Greenwood, Ind.