Ohio Archives - VRJ Properties https://vrjproperties.com/tag/ohio/ Multifamily and Commercial Real Estate Investments Sun, 19 Jan 2025 16:58:22 +0000 en-US hourly 1 https://vrjproperties.com/wp-content/uploads/cropped-favicon-512x512-1-32x32.png Ohio Archives - VRJ Properties https://vrjproperties.com/tag/ohio/ 32 32 KeyBank Secures $59M for Ohio Housing Projects https://vrjproperties.com/keybank-secures-59m-for-ohio-housing-projects/ Fri, 17 Jan 2025 22:48:41 +0000 https://vrjproperties.com/keybank-secures-59m-for-ohio-housing-projects/ KeyBank Community Development Lending and Investment (CDLI) provided a $15.5 million construction loan, a $3.18 million permanent loan and $17.7 million in low-income housing tax credit (LIHTC) to finance the new construction of The Grand and The Glen, a two-site...

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KeyBank Community Development Lending and Investment (CDLI) provided a $15.5 million construction loan, a $3.18 million permanent loan and $17.7 million in low-income housing tax credit (LIHTC) to finance the new construction of The Grand and The Glen, a two-site workforce affordable housing project in Toledo, Ohio.

Derek Reed and David Lacki of KeyBank CDLI structured the financing for the transaction. The Grand and Glen will introduce 70 affordable family units to a vacant city-owned parcel and an underutilized parking lot.

The project will offer a mix of one- and two-bedroom apartments and three- and four-bedroom townhomes. The development aims to diversify housing options, rejuvenate vacant or underutilized parcels, and inject approximately $28 million of investment into the city of Toledo. The sponsor, Pivotal Housing Partners, is an Ohio-based multifamily developer and property management company with LIHTC properties operating in 16 states.

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]]> 103K-SF MOB in Ohio Acquired by Remedy, Kayne Anderson https://vrjproperties.com/103k-sf-mob-in-ohio-acquired-by-remedy-kayne-anderson/ Mon, 18 Nov 2024 22:42:38 +0000 https://vrjproperties.com/103k-sf-mob-in-ohio-acquired-by-remedy-kayne-anderson/ Joint venture partners Remedy Medical Properties and Kayne Anderson Real Estate today announced the acquisition of the Atrium Medical Center Medical Outpatient Building. CBRE brokered the transaction. The five-story, 103,175-square-foot medical office building, located at 200 Medical Center Dr. in...

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Joint venture partners Remedy Medical Properties and Kayne Anderson Real Estate today announced the acquisition of the Atrium Medical Center Medical Outpatient Building. CBRE brokered the transaction.

The five-story, 103,175-square-foot medical office building, located at 200 Medical Center Dr. in Middletown, Ohio, was built in 2007 and is attached to and directly integrated with the Atrium Medical Center, a 328-bed hospital. It is 85% occupied, anchored by the medical center, which currently leases 70% of the building, as well as three other tenants.

“This was an attractive opportunity to secure a highly visible medical office building directly linked with the dominant acute care hospital in its region,” said Joe Magliochetti, chief investment officer for Remedy. “In addition, the acquisition allows us to further strengthen our existing relationship with Premier Health. The system occupies 170,100 square feet in six additional Remedy-owned buildings, including the award-winning freestanding emergency department we developed for them in Beavercreek, Ohio.”



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