CRG Residential has finalized the $134 million sale of two Indiana multifamily communities in Bloomington and Greenwood, marking an important milestone for the company and its investment partners.
The transactions include the Hayden Flats in Bloomington, a 298-unit property completed in 2024, which sold for $68 million, and the Flats at Stones Crossing in Greenwood, a 292-unit property also completed in 2024, which sold for $66 million. CRG Residential has developed more than 5,300 units across the Midwest and Mid-South.
“These transactions represent successful full-cycle investments for CRG and our partners,” said CRG Residential CEO Christopher Reid. “Our team remains focused on developing high-quality communities that meet market demand and deliver strong performance for our investors.”
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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