Origin Investments and CEDARst Companies Secure Bridge Financing for The Rosie Multifamily Development in...
CEDARst Companies, a Chicago-based developer and its joint venture partner, Origin Investments, a leading multifamily fund manager, and have refinanced The Rosie multifamily community with a $39,150,000 loan from Bridge Debt Strategies. JLL arranged...
JLL Closed Financing for $95M Multifamily Development Project on Sherman Avenue in Madison Wisconsin
Vermilion Development, in concert with Quartz Lake Capital, announce the closing on debt and equity financing for a $95 million multifamily development, 1617 Sherman Avenue. JLL Capital Markets secured $33.3 million in joint venture equity...
CPP Acquires Affordable Housing Community Sycamore Village Apartments in Pittsburg Kansas
CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Sycamore Village Apartments, an affordable housing community in southeast Kansas, near the Missouri border. CPP is partnering...
JRK Property Holdings Acquires 288-Unit Apartment Community Brook on Janes Apartments in Bolingbrook Illinois...
JRK Property Holdings (“JRK”) has acquired Brook on Janes Apartments, a 288-unit Class-A multifamily community in the Chicago suburb of Bolingbrook, Illinois. Brook on Janes was acquired by JRK out of its JRK Platform 5...
Eastham Capital Fund VI, LP Acquires 75% Stake in The Landing at Town Center
Eastham Capital, a private equity real estate firm dedicated to providing superior, risk-adjusted returns to investors through the transformation of undervalued multifamily real estate, has announced the acquisition of a 75% ownership interest in...
Apartment market fundamentals stabilized in July, reports RealPage
According to data from RealPage Analytics, apartment fundamentals stabilized in July. Rent growth and occupancy remained relatively steady during the month. National occupancy was 94.2 percent for the third straight month, which...
Marquette Management Expands to Ohio with Multifamily Community Trinity Lakes Apartments in Columbus
Marquette Management, a national leader in multifamily development, investment and management, is pleased to announce its latest property management assignment, Trinity Lakes Apartments in Columbus, Ohio. The contract for the 240-unit community represents a reentry...
Subtext Announces Grand Opening of Its First Student Housing Development VERVE West Lafayette Near...
Subtext, a national student housing and multifamily real estate company, announced the grand opening of VERVE West Lafayette, a 7-story mixed-use student housing community located just two blocks from Purdue University. The 235-unit, 400,310-square-foot community...
Bender Companies Acquires Arrive Town Center in Vernon Hills Illinois North of Chicago
Bender Companies, a vertically integrated multifamily investment firm, announced its acquisition of Arrive Town Center, located in Chicago’s elite northern suburb, Vernon Hills. “There is a lot to like about Arrive Town Center,” said Founder...
HUD Delivers Nearly $28M Transaction to Build and Preserve Affordable Housing for Illinois Seniors...
The U.S. Department of Housing and Urban Development (HUD) announced the completion of a nearly $28 million Rental Assistance Demonstration (RAD) transaction with the Waukegan Housing Authority (WHA), to expand affordable housing options for...
Standard Communities Makes Second Affordable Housing Investment in Minnesota in a Month with Lenox...
Standard Communities, a leading national multifamily housing investor and developer, has made its second investment in Minnesota in a month, acquiring a 100% affordable community Lenox Place in Duluth. The transaction is capitalized at...
Avalon Apartment & Townhomes Construction Nearing Completion, Pre-Leasing Begins Soon
Trident Development, a Minnesota-based firm specializing in the acquisition and development of luxury rental apartments, is nearing completion on Avalon Apartment & Townhomes, a new luxury community in Inver Grove Heights, Minnesota just outside...
Landmark Properties Announces Upcoming Student Housing Community The Standard at West Lafayette in Indiana
Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces its plans to build The Standard at West Lafayette, a 678-bed, 253-unit student housing...
McShane Completes Adaptive Reuse Construction of Fox Valley Affordable Apartments in Aurora Illinois
McShane Construction Company completed the construction of Fox Valley Apartments in Aurora, Illinois, on behalf of Housing For All, LLC in collaboration with Visionary Ventures, Cordogan Clark & Associates, and JTE Real Estate Services. “We...
Alison Gorham Promoted to Vice President at McShane Construction Company
McShane Construction Company is pleased to announce that Alison Gorham was promoted to Vice President of the firm’s Wisconsin Regional Office in Madison. Alison Gorham joined McShane in 2012 as a Project Engineer and was...