Interra Realty brokers $16.9 million sale of new apartment community on Chicago’s North Shore
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $16.9 million sale of Station440, a 48-unit multifamily property in Highwood, Ill. Interra Managing Partner Craig Martin represented Benchmark Developers in...
Avanti Residential buys Summit Square Apartments in Greater Kansas City
Nationwide multifamily investor and operator Avanti Residential announces the acquisition of the 308-unit Summit Square apartments in the Kansas City metropolitan area for $80 million. Avanti now owns eight apartment communities in the greater...
Capitalization secured for luxury Cleveland multihousing development
JLL Capital Markets announced that it has arranged $38.5 million in construction financing, in addition to Co-GP equity, for Residences at Bolivar, a 184-unit, Class A, luxury multihousing development with 2,611 square feet of...
Revitate Cherry Tree acquires sixth workforce housing property
Revitate Cherry Tree (RevCT), a leading private real estate investment platform specializing in acquiring and operating multifamily assets across key U.S. markets, has acquired Tuscany Bay, a 96-unit, well-appointed and highly amenitized multifamily property...
Sale of multihousing community in the Twin Cities medical alley closes
JLL Capital Markets announced that it has closed the sale of Urbana Court, a 207-unit, multihousing community located in the heart of the Twin Cities medical alley in Brooklyn Park, Minnesota. JLL worked on behalf...
Kiser Group closes a $15 million deal off market
Kiser Group has brokered a $15M portfolio in the UIC Medical District. The seller University Rentals UIC sold the property to Bay Laurel Partners in an off-market deal. The portfolio is strategically located in close...
Post Road Management acquires multifamily portfolio totaling 1,002 units in Wichita, Kansas
Post Road Management, a full-service real estate investment and management company, has acquired a portfolio of 11 multifamily communities, all located in Wichita, Kansas and the greater metro area. With this purchase, Post Road has...
Avanath Capital Management acquires 256-unit mixed-use, mixed-income multifamily community in Chicago for $119 million
Avanath Capital Management LLC, a multifamily owner and operator that primarily focuses on affordable and workforce housing, announces that it has acquired Lincoln Park Plaza, a 256-unit mixed-use, mixed-income multifamily community with ground-floor retail,...
$18.239 million in financing secured for affordable multihousing community in Indiana
JLL Capital Markets announced that it has arranged the $18.239 million acquisition financing for Cambridge Estates, a 358-unit, garden-style affordable apartment community in Lafayette, Indiana. Approximately 41 percent of the units are covered by...
SCOTUS grants major victory for property rights
The U.S. Supreme Court announced that two property owners in Montana will have their day in court to prove that the U.S. Forest Service illegally encroached on their land. It reversed lower courts that...
Interra Realty brokers $5.8 million sale of mixed-use apartment building in Chicago’s Ravenswood Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 27-unit multifamily property in Chicago’s Ravenswood neighborhood. The building sold for $5.846 million, equating to $216,518 per...
Thompson Thrift sells The Grove Apartment Community in Grand Rapids
Thompson Thrift, a full-service nationally recognized real estate company, announced the sale of The Grove, a 320-unit Class A multifamily community in Grand Rapids. A private real estate investment firm purchased the community for...
Sale of age-restricted community in Milwaukee closes
JLL Capital Markets announced that it has closed the sale of and acquisition financing for the Oaks of Shorewood, a 101-unit luxury, age-restricted (55+) multihousing community in Shorewood, Wisconsin. Weidner Apartment Homes acquired the property....
Kiser Group sells a 94-unit multifamily property in Lakeview
Kiser Group directors Andy Friedman and Jake Parker brokered a condominium deconversion sale at 3825 N Pine Grove, located in the Lakeview neighborhood of Chicago. The 3825 N Pine Grove Condominium Association received $18,300,000 in this...
Newly constructed multihousing community in suburban Kansas City secures $59.75 million in refinancing
JLL Capital Markets announced that it has closed the $59.75 million construction takeout refinancing for The Residences at Galleria, a newly constructed, Class-A, 322-unit, luxury apartment community in the Kansas City suburb of Overland...
