Page 4 - Hannah Ott News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Fishers District, Test Kitchen, sold to Chicago-based JVM Realty
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JVM Realty Acquires Indiana Mixed-Use Development
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The RADCO Companies Announces Sale of 1,426-Unit Three Property Multifamily Portfolio in Indianapolis Market for $108 5 Million
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Which Midwest Markets Are Investors Turning To?
Hannah Ott and George Tikijian, vice chairs at Cushman & Wakefield, shed light on buyer demand and opportunity across the nation s heartland. Feb172021
Images courtesy of Cushman & Wakefield
With few exceptions, Midwest markets have navigated pandemic-induced difficulties better than initially expected. Cushman & Wakefield Vice Chairs Hannah Ott and George Tikijian are confident about the multifamily industry’s strengths in the region. “Most Midwest markets don’t need to recover. Overall, they’ve had growth in occupancy and rental rates,” Ott told
Multi-Housing News. Therefore, investors view them as a viable alternative to high-priced gateway markets.
SOUTH BEND, IN - Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation s leading multifamily developers, announced the completed sale of The Villas on Fir, a 290-unit Class A, Big House multifamily community in the South Bend-Mishawaka MSA to Gray Capital for an undisclosed price. The South Bend-Mishawaka area offered an opportunity to develop a quality site with best-in-class product in a market with limited new market rate competition, said Brian Southworth, senior vice president, acquisition for Watermark Residential. That combination provided for a successful lease up and allowed us make an opportunistic sale based on the appetite of capital chasing new construction.