St. Louis
St. Louis Multifamily Report – Fall 2020
Despite headwinds, rents continued to improve and transactions surpassed the 2019 volume.
Top 5 Midwestern Markets for Multifamily Transactions
Even as deal velocity has slowed nationwide, one market’s volume through October picked up by nearly 50 percent compared to last year.
KH Properties Lands $18.3M Refi in St. Louis Area
Berkadia secured $18.3 million in Fannie Mae financing for the 350-unit property.
Watermark Begins Construction on St. Louis-Area Development
Located in the suburb of O’Fallon, Mo., Avenue64 by Watermark is scheduled for completion by August 2022.
St. Louis Multifamily Report – Summer 2020
Unlike most coastal gateways, the metro has registered rent growth since the COVID-19 outbreak hit the U.S.
JVM Realty Acquires St. Louis Community
The purchase of Ceylon Apartments marks the firm’s first in the metro and expands its Midwestern portfolio.
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.
Hamilton Zanze Acquires St. Louis Community
The firm’s purchase of Steelyard & Icehouse Apartments marks its second in the metro within the last six months.
Maxus Realty Sells 486-Unit Property in Suburban St. Louis
A New York-based private investor purchased the 21-building asset in St. Charles.
St. Louis Multifamily Report – Winter 2020
The market remained healthy despite little population growth, with average rents rising faster than the U.S. rate.