Midwest

Highland Chateau in Duluth, Minnesota
Investment SalesMidwestMinnesotaNews

Sherman Associates Sells Highland Chateau in Duluth, Minnesota for $8 Million

by Channing Hamilton

DULUTH, MINN. — Sherman Associates has sold Highland Chateau, a 60-unit community in Duluth, to PLB Highland Chateau LLC for $8 million. Devon Dvorak, Mox Gunderson, Dan Linnell, Josh Talberg and Adam Haydon of JLL Capital Markets represented the seller. Encompass Real Estate Investment Services represented the buyer. Built in 1972, Highland Chateau offers 60 units in studio, one- and two-bedroom layouts. Amenities include garage parking, on-site laundry facilities, a fitness center and a courtyard with a grilling and picnic area.

Continue Reading
0 FacebookTwitterLinkedinEmail
Village Green in Marshall, Mich.
Investment SalesMichiganMidwestNews

Friedman Real Estate Arranges $4.1 Million Sale of Village Green in Marshall, Michigan

by Channing Hamilton

MARSHALL, MICH. — Friedman Real Estate has arranged the $4.1 million sale of Village Green in Marshall, a city in southern Michigan. According to Apartments.com, Village Green offers one- and two-bedroom units, as well as amenities such as internet access, a playground, patios and on-site parking. Friedman’s Peter Jankowski represented the undisclosed buyer in the transaction. The seller was also not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentIndianaMidwestNews

TWG to Develop $9 Million Affordable Community in West Baden Springs

by Channing Hamilton

WEST BADEN SPRINGS, IND. — TWG will develop West Baden Lofts, a $9 million affordable community in West Baden Springs, a town in Indiana’s French Link Township. West Braden Lofts will offer 44 units in two- and three-bedroom layouts. The community will be available to households earning between 30 and 60 percent of the area median income. Amenities include a bikeshare program, Wi-Fi connectivity, fitness center, community room, indoor play area, community garden, a playground and in-unit laundry. Construction of West Baden Lofts is expected to begin in June 2023. …

Continue Reading
0 FacebookTwitterLinkedinEmail
North Water Apartments in Chicago, Illinois
IllinoisInvestment SalesMidwestNews

Crescent Heights Buys North Water Apartments in Downtown Chicago for $173 Million

by Channing Hamilton

CHICAGO — Crescent Heights has acquired North Water Apartments, a 398-unit property in downtown Chicago’s Streeterville neighborhood. Invesco Real Estate sold the asset for $173 million, according to real estate data firm CoStar Group. North Water Apartments is the multifamily portion of a 50-story building located at 340 E. North Water St. Built in 2015, the community is situated above the Loews Chicago Hotel, which was not included in the sale, and offers studio, one-, two- and three-bedroom floor plans. John Jaeger and Justin Puppi of CBRE represented the seller. …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceIllinoisInvestment SalesMidwestNewsPeople News

JLL Capital Markets Selects Bill Baumann as Managing Director

by Channing Hamilton

CHICAGO — Bill Baumann has joined JLL Capital Markets as a Managing Director in the firm’s Chicago office. In this role, Baumann will focus on both apartment investment sales and financing deals in Chicago and the Midwest, representing owners and developers. He will report to Senior Managing Directors Danny Kaufman and Jaime Fink. Prior to joining JLL, Baumann served as as principal and managing broker of Monarch Realty Partners, a Chicago-based multi-housing brokerage firm he co-founded in 2016. He earned his bachelor’s degree from Yale University and his MBA from …

Continue Reading
0 FacebookTwitterLinkedinEmail
Irving School Apartments in Duluth, Minnesota
MidwestMinnesotaNews

High Point Holdings Acquires $3.7 Million Historic Irving School Apartments in Duluth, Minnesota

by Channing Hamilton

DULUTH, MINN. — High Point Holdings LLC has acquired Irving School Apartments from Sherman Associates for $3.65 million. Devon Dvorak, Mox Gunderson, Dan Linnell, Josh Talberg and Adam Haydon of JLL Capital Markets led the team representing the seller. Irving School Apartments is a historic, 44-unit community in Duluth, which is a port city on Lake Superior in Minnesota. The property was built in 1895 and is known for its tall chimney. Irving School Apartments offers expansive studio, one-, two- and three-bedroom units.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceMidwestMissouriNews

Drever Partners Secures $15.7 Million to Refinance The Penleigh-Branson Row Micro Apartments in Branson, Missouri

by Channing Hamilton

BRANSON, MO. — Drever Partners has received a $15.7 million loan to refinance The Penleigh-Branson Row, a 325-unit micro apartment complex in Branson. Franklin Templeton provided the CMBS loan, which includes a 10-year term and a 60 percent loan-to-value ratio. The property was converted from a hotel and was leased up in nine months. CoreVest Finance, a division of Redwood Trust Inc., provided the original financing and construction loan for the conversion. Drever Partners is now raising capital for The Penleigh-Live Oak, which will sit adjacent to The Penleigh-Branson Row. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentIndianaMidwestNews

TWG to Break Ground on $9 Million West Braden Lofts in West Baden Springs, Indiana

by Channing Hamilton

WEST BADEN SPRINGS, IND. — TWG plans to begin construction on West Baden Lofts, a $9 million affordable housing community in West Baden Springs, this month. West Baden Springs is a town located in southern Indiana’s French Lick Township. Project funding comes from the Indiana Housing and Community Development Authority, Innovative Veteran Affairs Real Estate, Merchants Capital, Cedar Rapids Bank & Trust and the Town of West Baden Springs. The 44-unit development will offer two- and three-bedroom floor plans. Units will be reserved for households making 30 to 60 percent …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Aronson in Fayetteville, Arkansas
Build-to-RentDevelopmentFeaturesMidwestNewsNortheastSoutheastTexasWestern

RentCafe: Number of New Build-to-Rent Projects is Skyrocketing

by Channing Hamilton

The construction of new build-to-rent (BTR) homes hit a record in 2022, with more than 14,500 houses completed, according to a RentCafe analysis of Yardi Matrix data. This is a 47 percent increase in deliveries from 2021.  Now, approximately 44,700 BTR homes are under construction across America, triple the number of new homes completed in 2022. Prior to 2020, RentCafe notes, only about 6,000 BTR units were completed annually. RentCafe cited data from the firm’s sister company, Yardi Matrix. The data includes properties defined as single-family homes for rent that are in build-to-rent, …

Continue Reading
0 FacebookTwitterLinkedinEmail
BerkadiaBerkadia FeatureBuild-to-RentContent PartnerDevelopmentFeaturesIndustry ContentLeasing & MarketingMidwestNortheastSoutheastTexasWestern

Single-Family Rental, Build-to-Rent Sector Increases Supply Volume, Attracts Institutional Capital

by Sarah Daniels

By Jeff Coles, Berkadia Over the last 15 years, even during the Great Recession, single-family rentals continued to deliver excellent returns through appreciation and rental income. As demand for the sector has increased significantly, driven by changing migration patterns, many investors are shifting their investment strategies to include single-family rental/build-to-rent homes (SFR/BTR), also referred to as built for rent (BFR) houses. Development and Interest in SFR/BTR Despite recessionary rumors, development is continuing, often undertaken by some of the leading developers in the for-sale single-family market. Also, institutional investors have shown …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.