Property details

West Loop Multifamily Development Portfolio

Investment type

Development

Asset Class

Multifamily

Ownership Structure

Joint Venture

Year Acquired

2014

Investment Summary

Syndicated invested alongside Michigan Avenue Real Estate Partners in the development of four high-quality, mid-rise apartment buildings in the desirable West Loop neighborhood of Chicago.

The development is comprised of four, five-story buildings with luxury finishes, heated and enclosed on-grade parking, and a concierge type of property management service. The properties are located at1002 West Van Buren, 1235-45 West Jackson, 1239-47 West Madison, and 1040 West Monroe and will have a combined total of 331 apartment units and 2 commercial units.

Property details

Wells Place

Investment type

Development

Asset Class

Multifamily

Ownership Structure

Joint Venture

Year Acquired

2014

Investment Summary

Syndicated invested alongside Michigan Avenue Real Estate in the ground up development of an 86-unit, mid-rise, upscale apartment building in the South Loop area of Chicago.

The development site is located along the 800 block of South Wells Street, directly across from the new British International School.

Property details

Erie-Ohio Apartments

Investment type

Value Add

Asset Class

Multifamily

Ownership Structure

Joint Venture

Year Acquired

2015

Investment Summary

Erie-Ohio, which was developed in 2014, consists of four, six-unit apartment buildings. Each unit features solid masonry construction with spacious terraces, oversized balconies, expansive living spaces, tall ceilings, oak flooring, quartz countertops, stainless steel Whirlpool appliances, supplemental storage, and access to a garage parking space.

Property details

1755 North Damen

Investment type

Value Add

Asset Class

Multifamily

Ownership Structure

Joint Venture

Year Acquired

2015

Investment Summary

Syndicated invested alongside CA Ventures in a four-story, full renovated apartment building located in the popular Wicker Park neighborhood of Chicago.

All of the units feature quartz countertops, in-unit washer dryers, Italian cabinets, new stainless steel appliances, and floor to ceiling windows. Units on the west side of Damen (the existing building) have exposed brick. Units on the east side of Damen (the recent addition) have spacious terraces with glass railings over looking the 606.

Property details

1501 Jackson

Investment type

Value Add

Asset Class

Multifamily

Ownership Structure

Joint Venture

Year Acquired

2015

Investment Summary

Syndicated invested alongside Metonic Real Estate Solutions and Seldin in 1501 Jackson, a newly developed, Class A, 72-unit multifamily apartment building located in Omaha, Nebraska.

The Property is situated in Omaha’s vibrant Old Market district and within walking distance of downtown.