Multifamily

Taking on the challenge: AFL-CIO Housing Investment Trust still tackling the shortage of affordable housing in Minnesota

The AFL-CIO Housing Investment Trust (HIT) reached a key milestone in 2021, investing $1.6 billion in 100 multifamily housing projects in Minnesota. The projects include…

Inland Private Capital closes portfolio sale of three multifamily properties

Inland Private Capital Corporation closed the portfolio sale of three multifamily properties totaling $192.75 million, marking another liquidity event on behalf of one of its…

District Capital closes cash-out refi loan for suburban Detroit apartments

David Dismondy with District Capital recently arranged a cash-out refinance loan of $5.7 million for multifamily apartment building in suburban Detroit. The loan, a full-term…

Schafer Richardson to build seven-story multifamily housing property in Minneapolis

Minneapolis-based real estate company Schafer Richardson has acquired 2025 West River Road N in Minneapolis, a site that was previously home to a single-story commercial…

Trez Capital provides $37 million in financing for multifamily development in Cincinnati market

Trez Capital funded a $37.344 million construction loan for the Merchant Street project in Springdale, a suburb of Cincinnati, Ohio. The borrower is using the…

The pandemic created a big opportunity for private equity, but squeezed independent Chicago landlords

For Chicago area multifamily property owners and operators, the pandemic has only been a part of the challenge that these last two years have represented.…

Kiser Group advises on $117 million Park Ridge Commons sale

Kiser Group, Chicagoland’s leading multifamily brokerage firm, represented both the buyer, Bayshore Properties, and seller, H.A. Langer & Associates, in the sale of Park Ridge…

Waterton acquires The Shoreham and The Tides at Lakeshore East in downtown Chicago

Waterton, a national real estate investor and operator, today announced it has acquired The Shoreham at Lakeshore East (The Shoreham) at 400 E. South Water…

Revisiting Illinois Real Estate Journal’s biggest stories of 2021

The new year is just around the corner, but we can already look back at 2021 as one that represented both the good times and…

SR Realty Trust acquires 132-unit apartment property in Omaha

SR Realty Trust, Inc. has acquired, as a tenant-in-common, the Orpheum Tower, a 132-unit market rate multifamily property in Omaha, Nebraska. The property is located…

Multifamily

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