120-unit LIHTC housing complex sells for $8.8 million outside Chicago
Affordable HousingInvestment Brokerage Inc. (AHIB) recently sold a 120-unit independent senior living community in Lyons, Illinois for $8,800,000. Managing Director Kyle Shoemaker represented the seller, Barron Development LLC, and buyer, New Frontier Companies, to...
Midwest economy good to multifamily
Focus on the Midwest Amid a global pandemic and its economic repercussions, the American Midwest has remained a place of comparative stability—and opportunity. Wide-open spaces and lower costs of living attract businesses and workers alike. Warehouses,...
$27.5 million refinancing arranged for multihousing community near St. Louis, MO
JLL Capital Markets announced that it has arranged a $27.5 million refinancing of Promenade at New Town*, a 225-unit multihousing community in the St. Louis-area community of St. Charles, Missouri. JLL represented Gold Block Ventures...
Trophy Barrington multihousing property purchased for $20.75 million
JLL Capital Markets announced it closed the $20.75 million sale of 101 West, a trophy apartment community located in the sought-after suburb of Barrington, Illinois, which is about 40 miles from Chicago. JLL worked on...
Pensam acquires 260-unit apartment community in Chicago suburbs
Pensam, a nationally recognized multifamily real estate investment firm managing over $3 billion in assets across its equity and lending platforms, is pleased to announce the acquisition of 1900 at Canterfield, a 260-unit stabilized...
Passco acquires 345-unit Class A multifamily asset in Chesterfield, Missouri for $98 million
Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired a luxury Class A, trophy multifamily asset in Chesterfield,...
Apartments adjacent to the Normandale Office Park sell for $16.45 million
JLL Capital Markets announced it closed the $16.45 million sale of Normandale Lake Estates, a 105-unit multihousing property located in Bloomington, Minnesota. JLL worked on behalf of the seller, Normandale Lake, LLC, to complete the...
Monument Capital Management enters Missouri market with $67.3 million acquisition of 528-unit community in...
Monument Capital Management, an A-Rod CORP company and one of the country’s premier fully integrated real estate investment firms, announces the $67.3 million acquisition of Haven on the Lake, a 528-unit multifamily community in...
Hamilton Point Investments purchases Columbia, Missouri, student housing property
Transwestern Real Estate Services (TRS) announces it has brokered the sale of The Den, a 552-bed student housing community at 1412 Grindstone Plaza Drive in Columbia. Transwestern Senior Managing Directors Mike McGaughy and Jon...
$26.1 million sale of Phoenix apartments in St. Paul’s Battle Creek Neighborhood
JLL Capital Markets announced it closed the $26.1 million sale of the Phoenix Apartments, a 216-unit recently updated multihousing property located in the Battle Creek neighborhood of St. Paul, Minnesota. JLL worked on behalf of...
Oklahoma City multihousing portfolio totaling 512 units sold
JLL Capital Markets announced it closed the sale of a three-property portfolio totaling 512 units located throughout the Oklahoma City area in Oklahoma. JLL represented the seller, Security Properties, to complete the sale to the...
Townhomes in Cottage Grove, MN purchased
JLL Capital Markets announced it closed the sale and arranged new agency financing for the Cottages of Cottage Grove, a 59-unit multihousing community located in Cottage Grove, Minnesota. JLL represented the seller, SWS Properties, LLC,...
Interra Realty brokers $5.4 million sale of 12-unit apartment building in heart of Chicago’s...
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $5.4 million sale of 915 W. Addison St., a 12-unit rental community located steps from Wrigley Field in Chicago’s Wrigleyville...
Evergreen Real Estate Group acquires affordable housing community in Downtown Cleveland, plans $18 million...
Chicago-based Evergreen Real Estate Group, a leader in the acquisition, development, rehabilitation and management of both affordable and market-rate multifamily housing, today announced it has acquired Carter Manor Apartments in downtown Cleveland. Evergreen plans...
Lake Jonathan Flats in growing Minnesota submarket purchased for $30 million
JLL Capital Markets announced it has closed the $30 million sale for Lake Jonathan Flats, a multihousing property totaling 117 units and located in Chaska, Minnesota, about 25 minutes southwest of Minneapolis. JLL worked on...
