Midwest

Amber Valley Apartments
Investment SalesMidwestNewsNorth Dakota

Gindi Equities Acquires Amber Valley Apartments in Fargo, North Dakota

by Channing Hamilton

FARGO, N.D. — Gindi Equities has acquired Amber Valley Apartments, a 162-unit property in Fargo, for an undisclosed price. Built in 2001, Amber Valley Apartments consists of 162 units that range from one- to three-bedroom floor plans. Gindi plans to launch a renovation program at the community, upgrading both interior spaces and common areas. The seller, Property Resources Group, will continue to manage and service the asset. The acquisition marks Gindi’s fourth purchase in the Fargo market in the past 12 months.

Continue Reading
0 FacebookTwitterLinkedinEmail
The Arbors
IllinoisInvestment SalesMidwestNews

Becovic Holdings Corp. Buys 254-Unit Community in Rockford, Illinois

by Channing Hamilton

ROCKFORD, ILL. — Becovic Holdings Corp. has acquired The Arbors, a 254-unit community in Rockford, about 90 miles west of Chicago. The Arbors was built between 1966 and 1981. Amenities include a fitness room, business center, small community room and package room. The garden-style asset was 98 percent leased at the time of sale. Ralph DePasquale of Berkadia represented the seller in the deal. Both the buyer and seller are based in Illinois.

Continue Reading
0 FacebookTwitterLinkedinEmail
Riverwood Apartments
Investment SalesMidwestNewsWisconsin

CBRE Brokers Sale of Two Wisconsin Assets for $10.1 Million

by Channing Hamilton

MAUSTON AND RACINE, WIS. — CBRE has arranged the sale of Riverwood Apartments and Biscayne Apartments, two communities totaling 112 units, for $10.1 million. An Iowa-based multifamily investor and developer purchased the assets from an Iowa-based multifamily investor. CBRE’s Max Colby, Sean Beuche, Matson Holbrook, Patrick Gallagher and Gretchen Richards represented the seller. Riverwood Apartments is located in Mauston, 70 miles northwest of Madison, Wisconsin. The property is situated just under two miles from Decorah Lake. Built in 1994, Riverwood Apartments consists of 32 units, which come in one-, two- …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Colonial
Investment SalesMidwestNebraskaNews

Eastham Capital, Bender Cos. Acquire 258-Unit Asset in Omaha, Nebraska

by Channing Hamilton

OMAHA, NEB. — A joint venture between Eastham Capital and Bender Cos. has acquired The Colonial, a 258-unit community in Omaha. Eastham obtained a majority ownership in the deal through its current fund, Eastham Capital Fund VI LP. Bender, which has co-invested and partnered with Eastham on the project, will oversee the day-to-day management. Parker Stewart and Alex Malzone of Northmarq brokered the deal. The Colonial was built in 1967 and is currently 95 percent occupied. The average unit size is 902 square feet. Amenities include an outdoor pool, community …

Continue Reading
0 FacebookTwitterLinkedinEmail
Polo Club Apartments
Investment SalesIowaMidwestNews

Greysteel Brokers $38 Million Sale of Property in West Des Moines

by Channing Hamilton

WEST DES MOINES, IOWA — Greysteel has negotiated the $38 million sale of Polo Club Apartments in West Des Moines. Built in 1998, the community consists of 277 two-bedroom units. BJ Connolly, Zach Schneider and Ryan Carter of Greysteel represented the seller, Polo Club LLC/Premier Cos, in the deal. The undisclosed buyer represented itself and plans to conduct a full renovation of the property.

Continue Reading
0 FacebookTwitterLinkedinEmail
Cosmopolitan on the Canal
IndianaInvestment SalesMidwestNews

PRP Acquires Cosmopolitan on the Canal in Indianapolis

by Channing Hamilton

INDIANAPOLIS — PRP has purchased Cosmopolitan on the Canal, a 218-unit asset located in the Canal Walk District of downtown Indianapolis, for an undisclosed price. The property is situated in proximity to the $4.3 billion Indiana University Health expansion, as well as the Indiana University Indianapolis and Purdue University campuses. Cosmopolitan on the Canal was originally built in 2010. According to Apartments.com, the community features a mix of studio, one- and two-bedroom units. Amenities include fitness center, laundry facilities, a clubhouse, fitness center and lounge. PRP plans to renovate the property. The seller was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
FeaturesFinanceFrom the MagazinesInvestment SalesMidwestNortheastSoutheastTexasWestern

As Mortgage Rates Drop, Expect 1031 Exchange Deals to Pop

by Channing Hamilton

For most of 2024, relatively high property values combined with rising interest rates priced buyers out of the market for new commercial and residential real estate acquisitions.  This slowdown has not only impacted investors and homeowners, but it’s also affected the entire real estate industry — from lenders to appraisers, brokers, law firms, title insurance companies and beyond.  Because Section 1031 exchange activity moves in lockstep with the real estate investment cycle, activity for qualified intermediaries has slowed as well. Section 1031 exchanges traditionally have been used by investors to …

Continue Reading
0 FacebookTwitterLinkedinEmail
An undisclosed Fargo community
Build-to-RentInvestment SalesMidwestMinnesotaNewsNorth Dakota

Cushman & Wakefield Brokers Sale of 601-Unit BTR Portfolio in Metro Fargo, North Dakota

by Channing Hamilton

FARGO, N.D. — Cushman & Wakefield has negotiated the sale of a portfolio of 601 build-to-rent (BTR) units located throughout the Fargo metropolitan area in the bordering states of North Dakota and Minnesota. The recently developed homes come in three-, four- and five-bedroom floor plans and are 7.2 years old on average. Meridian Mortgage LLC sold the portfolio to an affiliate of Christianson Cos. for an undisclosed price. Kevin Phelan, Pat Knowlton and Jeff Dimmen of Cushman & Wakefield, along with Jennifer Stein Real Estate Inc., represented the seller in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Slate
DevelopmentMidwestNewsOhio

Milhaus, Parse Capital Break Ground on 306-Unit Community Near Cincinnati

by Channing Hamilton

SPRINGDALE, OHIO — Milhaus has partnered with Parse Capital to break ground on Slate, a 306-unit project in Springdale, approximately 19 miles north of Cincinnati. Located at 505 W. Crescentville Road, Slate will offer 216 garden-style apartments and 90 townhomes across 22 buildings. Planned amenities include a resident lounge, pool, coffee bar, fitness center and bark park. First Financial Bank is providing financing for the development, which is slated for completion in the spring of 2026.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIllinoisMidwestNews

Newmark Arranges $110 Million Loan for Refinancing of Chicago Apartment Tower

by Channing Hamilton

CHICAGO — Newmark has arranged a $110 million loan for the refinancing of Cityfront Place, a 39-story apartment tower situated in the Streeterville neighborhood of downtown Chicago. The borrowers, Strategic Properties of North America and Mirae Asset Securities, acquired the 480-unit property in 2020. Cityfront Place features a mix of studio, one- and two-bedroom apartments. Residents have access to amenities such as a fitness center, indoor pool, rooftop terrace, resident lounge and indoor parking, as well as direct access to the Riverwalk. Strategic Properties of North America and Mirae Asset …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.