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1 week ago | 
multifamilyaffordablehousing.com | Channing Hamilton
1 MAUSTON AND RACINE, WIS. — CBRE has arranged the sale of Riverwood Apartments and Biscayne Apartments, two multifamily properties totaling 112 units in Mauston and Racine, 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 proximate to I-90 and minutes away from Decorah Lake.
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1 week ago | 
multifamilyaffordablehousing.com | Channing Hamilton
1 CHARLOTTE, N.C. — Mill Creek Residential has begun pre-leasing at Modera Liberty Row, a 239-unit community in the SouthPark neighborhood of Charlotte. The community is located at 7740 Liberty Row Drive on The Loop. Units come in studio, one-, two- and three-bedroom layouts. The average unit size is 1,100 square feet. The first move-ins are slated for June.
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1 week ago | 
multifamilyaffordablehousing.com | Channing Hamilton
1 WESTAMPTON, N.J. — JLL Capital Markets has arranged $50 million in financing for a 275-unit community in Westampton. The unnamed community is situated roughly 25 miles east of downtown Philadelphia. Michael Klein and Gerard Quinn of JLL Capital Markets worked on behalf of the undisclosed borrower to secure the five-year, fixed-rate loan. An undisclosed life insurance company provided the financing.
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1 week ago | 
multifamilyaffordablehousing.com | Channing Hamilton
0 DENTON, TEXAS — Colliers Mortgage has provided a $55.9 million HUD-insured loan for the construction of Millennium Crest, a 245-unit project in Denton, about 40 miles northwest of Dallas. Millennium Crest will offer 20 studios, 155 one-bedroom units and 70 two-bedroom units. Planned amenities include a clubhouse, fitness center, pool, rooftop lounge and a dog park.
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1 week ago | 
multifamilyaffordablehousing.com | Channing Hamilton
0 QUEEN CREEK, ARIZ. — Creation, in partnership with Horizon Real Estate Ltd., has broken ground on The Switchyard, a $120 million mixed-use project in Queen Creek, about 40 miles southeast of Phoenix. The 10-acre project will feature 54,000 square feet of restaurant, retail and office space, as well as a 215-unit apartment community. The development will feature a Postino, a restaurant and wine café.
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1 week ago | 
multifamilyaffordablehousing.com | Channing Hamilton
1 The single-family rental (SFR) market, including purpose-built build-to-rent (BTR) communities, is the fastest-growing segment of the U.S. housing market, outpacing both single-family for-sale and multifamily growth in recent years. Although the concept emerged from the Great Recession, when large investors began buying up vacant homes to rent, it has evolved significantly over the past five years, attracting more sophisticated investors and expanding into new markets.
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1 week ago | 
rebusinessonline.com | Channing Hamilton
6QUEEN CREEK, ARIZ. — Creation, in partnership with Horizon Real Estate Ltd., has broken ground on The Switchyard, a $120 million mixed-use project in Queen Creek, about 40 miles southeast of Phoenix. The 10-acre project will feature 54,000 square feet of restaurant, retail and office space, as well as a 215-unit apartment community.
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1 week ago | 
multifamilyaffordablehousing.com | Channing Hamilton
IllinoisInvestment SalesMidwestNews 3 MARION, ILL. — A division of Woodland Rental Properties LLC, managed by Heartland Realty & Rentals Inc., has acquired 22 recently built apartments situated near downtown Marion, a city located roughly 120 miles southeast of St. Louis, Missouri. The company states that the deal is part of a larger strategic investment. Roman Basi and Jason Powell represented Heartland on an internal basis. The units will be available for leasing as they come online.
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1 week ago | 
multifamilyaffordablehousing.com | Channing Hamilton
2 CHANDLER, ARIZ. — New York-based TGM has acquired Ocotillo Bay, a 296-unit community in Chandler, roughly 25 miles southeast of Phoenix. An undisclosed national fund manager sold the asset for $90.5 million.
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1 week ago | 
multifamilyaffordablehousing.com | Channing Hamilton
5 NEW YORK CITY — Waterton, an investor and operator headquartered in Chicago, has hired Kristi Nootens as senior vice president of development. In this role, Nootens will originate and structure both mezzanine/preferred equity and joint ventures in development deals. She will be based in New York City. Nootens will work with the company’s acquisition, construction management and research teams. She will also be responsible for Waterton’s development investment strategy.
