Chicago SFR Portfolio
June 11, 2017
Chicago Scattered Site – Value-Add Multifamily Portfolio
June 11, 2017

Deal Highlights

  • Purchased 84-unit midrise apartment building ½ block south of University of Chicago in the Hyde Park / Woodlawn neighborhood
  • Approximately 85% occupied at the time of acquisition
  • Property underwent major renovations to all building systems within last 5 years
  • Rents at the time of purchase were significantly below market; opportunity to increase rents through minor interior improvements and better leasing efforts
  • Short-term opportunity to increase value through improved management and operational efficiency
  • Long-term opportunity to increase value through repositioning building as student-focused housing for University of Chicago students