Multifamily Midwest
Evergreen Real Estate taking on management duties at properties across Midwest

Evergreen Real Estate taking on management duties at properties across Midwest

Chicago-based Evergreen Real Estate Group has been retained to manage nine affordable-housing communities for a total of 1,071 units across Illinois, Kansas, Ohio and Wisconsin. The assignments include a mix of affordable housing for families, seniors and people with disabilities, expanding Evergreen’s management portfolio to more than 8,500 units throughout the United States.

Finance Midwest

A big 2018 for Bellwether: More than $7 billion in estimated loan volume

Bellwether Enterprise Real Estate Capital LLC finished 2018 strong, with more than $7 billion in estimated loan volume and a servicing portfolio of $22.6 billion. This included the closing of more than 750 loans for commercial and multifamily properties in key markets across the United States. The total loan volume was a 17 percent increase from 2017, a sign of Bellwether Enterprise’s continued growth and potential.

CRE Midwest
Cushman & Wakefield acquires QSI Facilities

Cushman & Wakefield acquires QSI Facilities

Cushman & Wakefield announced the completion of its acquisition of Quality Solutions, Inc. (“QSI”). This acquisition will expand Cushman & Wakefield’s facilities management capabilities and coverage across North American markets by leveraging QSI’s strong supply chain of 50,000+ qualified suppliers and 75+ facilities trades.

Healthcare Midwest
The MOB portfolio includes Christ Hospital Surgery Center at 4850 Red Bank Road in Cincinnati.

Welltower, CNL Healthcare exchange $1.25 billion MOB portfolio

Welltower Inc. and CNL Healthcare Properties have entered into a definitive agreement under which Welltower will acquire a Class A medical office and outpatient facilities portfolio comprised of 55 buildings from CNL Healthcare Properties for $1.25 billion. The sale is expected to close during the first half of 2019, subject to customary closing conditions, governmental and other third-party consents.

Industrial Midwest
Westmount Realty acquires 1.43 MSF Midwest industrial portfolio

Westmount Realty acquires 1.43 MSF Midwest industrial portfolio

Dallas-based Westmount Realty Capital, LLC announced the acquisition of a 1.43-million-square-foot industrial portfolio in Chicago, Cincinnati and Columbus, Ohio. Comprised of 12 buildings built between 1970-1994, the portfolio has clear heights ranging from 20-26 feet, an average office finish of 7 percent and an average historical tenant tenure of 12 years.