Marcus & Millichap Brokers $59M Sale of Multifamily Asset The Liberty in Suburban Minneapolis
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Liberty, a 242-unit multifamily property in Golden Valley, Minnesota.
“The Liberty...
Oxford Living US of Oxford Capital Group Announces Acquisition of Eleven Seniors Housing Properties...
Oxford Capital Group, LLC ("Oxford Capital") announced its acquisition of the Carefree Portfolio, eleven seniors housing properties totaling 489 units in the Minneapolis area and northern Minnesota. An affiliate of Oxford acquired the properties...
Merchants Capital Secures $25.5M for Twin Cities-based Affordable and Supportive Housing Development Prairie Pointe
Leading financial services provider Merchants Capital announced $25.5 million in debt and equity financing for the construction of Prairie Pointe, a 42-unit affordable and supportive housing development in Shakopee, Minnesota.
Merchants Capital provided $14.1 million...
BSR REIT Announces Sale of Bluff Creek Apartments in Oklahoma City for $28.3M
BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced that it has sold Bluff Creek Apartments in Oklahoma City, Oklahoma for gross proceeds of $28.3 million. Bluff Creek was...
Landmark Properties Buys 1.56 Acre Site Near UConn Storrs Campus for Mark Mansfield Student...
Landmark Properties has closed on the acquisition of a site next to UConn’s Storrs campus where it plans to build a 738-bed student housing property. Landmark Properties says it will begin construction on the...
Blueprint Supports the Collaborative Community Housing Initiative (CCHI) in its Acquisition of Former Seniors...
The Collaborative Community Housing Initiative is excited to announce its recent acquisition of a former memory care community in Highland Park, Illinois. This purchase marks a significant step forward in CCHI's mission to create...
New Cohousing Community Underway in Maryland
Moseley Architects was recently selected to partner with Cohousing of Greater Baltimore to create a new community for active adults. The project's 1.1-acre site near the popular Hampden area will house the first cohousing...
JLL Secures Permanent Refinancing for a Best-in-Class Multifamily Property Risor of Maple Grove near...
JLL Capital Markets announced that it has secured a $33.241 million financing for Risor of Maple Grove, a 169-unit luxury 55+ multifamily property in Maple Grove, Minnesota.
JLL worked on behalf of the borrower, Roers...
Interra Realty Brokers $16.1M Sale of 3-Property Damen Avenue Multifamily Portfolio on Chicago’s North...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a three-building, 115-unit apartment portfolio in Chicago’s Rogers Park neighborhood. The separate properties located on Damen Avenue sold...
Dwight Mortgage Trust Finances $88M Bridge Loan for Waverly on the Lake Apartment Community...
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed a $88.5 million value-add bridge acquisition loan for The Waverly on the Lake, a lakefront garden-style apartment community in Belleville, Michigan.
Loan proceeds will facilitate...
Joint Venture Announces Ground Breaking on Chicago Affordable Housing Redevelopment 79 West Monroe
Chicago Mayor Brandon Johnson recently joined Lagfin and R2 Companies to break ground on 79 West Monroe, a $64 million redevelopment of the upper floors of the building into an office-to-residential conversion.
The project will...
The Prime Company Secures $111M for Midwest Student Housing Portfolio
The Prime Company (TPC) has secured $111 million in fixed-rate financing from affiliates of Apollo for a portfolio of five student housing properties across four states.
TPC developed each of the five properties over the...
St Paul looks to revise its rent control ordinance
In November 2021, voters in St. Paul, Minnesota passed one of the most stringent rent control measures in the country. The St. Paul city council recently announced plans to revise it yet again.
Toning it...
F.H. Paschen Tops Out Chicago-Area Workforce Housing Development Bellwood Gateway
F.H. Paschen has topped off the first phase of the Bellwood Gateway Development, a $43 million workforce housing project in the Chicago suburbs.
Serving as the developer and general contractor, F.H. Paschen now moves towards...
Trilogy Real Estate Group Fully Subscribes Luxury Multifamily DST Offering for the Acquisition of...
Trilogy Real Estate Group, a Chicago-based real estate investment and property management firm, announced that its latest Delaware statutory trust offering, Trilogy Franklin, Wisconsin Multifamily DST, has been fully subscribed. Approximately $58.5 million in equity...
