Columbus CRE Pulse

Franklin County eviction filings hit record 25,329 in 2024—highest in 20+ years—with early 2026 still elevated above pre-pandemic levels.

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Key milestone for Columbus multifamily:

• Lincoln Avenue Communities launches its first ground-up Ohio project, a 321-unit build-to-rent at 60% AMI...

Key highlights from LAC's Columbus launch:

• First Ohio ground-up project: 321 units for residents ≤60% AMI on 44.5 acres.
• Strong partnerships:...

• Bank reserves easing: Proposed Fed revisions less restrictive than expected, adding momentum to CRE lending as standards loosen.
• Lender shifts...

Critical support services for Ohio's OHFA-funded affordable housing:

• Environmental Reviews for HOME, FHA Risk Share, NHTF, OHTF projects; contracts...

Key debt-market signals for CRE lenders:

• Private RE fundraising up 13% to $172B in 2025, first YoY gain since 2021; debt funds closed $51B, highest...

Columbus multifamily distress play: Nuveen bought troubled Latitude Five25 towers for $7M in late 2025, after 2022 evacuation due to unsafe...

Midwest multifamily heating up: Berkadia's Detroit team closed 34 deals totaling $576M across Michigan and Ohio in 2025, driven by bulk trades and...

Spring 2026 offers stabilized DSCR rates (7.25%-8.75%) and 18% higher Midwest inventory for confident rental purchases.

Key debt-side strategies:
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Out-of-state expansion: Columbus-based Woda Cooper secured unanimous rezoning for a 77-unit affordable four-story project in Hendersonville, TN.
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Columbus Redevelopment Stalls

• 🔥 Franklinton Spaghetti Warehouse Site: The redevelopment project at the former Spaghetti Warehouse site in...

• Mass opposition: City West residents packed Cincinnati City Council chambers on Wednesday to urge halting the sale of 105 housing units.
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Macklin Development halted at former Spaghetti Warehouse site in Franklinton, with property now listed for sale.

• Soaring construction costs...

Regulators demand total algorithmic explainability for AI in commercial lending—reveal exact mathematical weights behind every decision.

Key...

Key highlights with Columbus-area implications:

• Pipeline reaches 90,300 units at 2026 start, up 28% YoY and 290% since 2022
• Ohio strong:...

Ohio Housing Finance Agency has posted the final SFY 2027 LIHTC guidelines on its website, plus an interactive map visualizing geographic scoring distributions—key for Central Ohio multifamily developers eyeing forward commitments.

Subsidy optimization is key to managing the housing supply system gap, as attracting private capital fails to account for structural realities amid shelter poverty in Ohio.

• Private activity bonds ($2T outstanding) finance ~50% of U.S. multifamily affordable housing; exemption loss surges costs.
• Bill mirrors 2017...

Key regulatory shifts balancing growth and ecology in central Ohio watershed:

• Stricter setbacks & monitoring: New buffers near tributaries,...

Gahanna Annexation for Mixed-Use Multifamily

• 🔥 Trivium Development Site Advance: Gahanna City Council approved annexation of nearly eight acres...