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

Texan 26

Investment type

Value Add

Asset Class

Student Housing

Ownership Structure

Joint Venture

Year Acquired

2014

Investment Summary

Syndicated invested alongside CA Venture in the Texan 26, a 6-story, approximately 72,151 square foot mid-rise apartment building that features 53 units (206 beds).

Built in 2014, each unit has granite countertops in the kitchen and bath areas, in-unit washer/dryers, and many units have balconies or patios. The Texan 26 apartments are suite-style, with separate bedrooms or a loft area for each student, multiple bathrooms, and two washer/dryer units in the larger apartments.

Property details

21 Rio

Investment type

Value Add

Asset Class

Student Housing

Ownership Structure

Joint Venture

Year Acquired

2014

Investment Summary

Syndicated invested alongside CA Venture in 21 Rio, a 21-story, approximately 287,661 square foot high-rise that features 158 units (301 beds) and approximately 2,680 square feet of ground floor retail space.

Developed in 2009, each unit features high quality finishes including granite countertops, in-unit washer/dryers, spacious closets and a large floor plan. Most of the units have outdoor balconies.

Property details

Immigration & Customs Enforcement (ICE)

Investment type

Net Lease

Asset Class

Office

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2014

Investment Summary

Set on an approximately 3.93 acre site, the Property is a two-story, 47,386 square foot office building with approximately 136 parking spaces. The Property is a build-to-suit for the GSA and was completed in 2012.

Syndicated structured its acquisition as a Tenancy-in-Common to accommodate investors completing a Section 1031 Exchange.

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.