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Another large multi-housing community in suburban Chicago trades to NYC investor

CHICAGO, Jan. 10, 2022 – JLL Capital Markets announced that it has closed the sale of City View at the Highlands, a 403-unit, luxury, value-add, mid-rise apartment building located in the Chicago suburb of Lombard, Illinois. ....

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JLL Capital Markets Close Sale of 408-Unit Oak Brook Heights Apartment and Townhome Community in West Suburban Chicago Market

CHICAGO, IL - JLL Capital Markets announced that it has closed the sale of Oak Brook Heights, a 408-unit, garden-style multi-housing community on the border of Westmont and Oak Brook, in West Suburban Chicago, Illinois.
JLL marketed the property on behalf of the seller, Investcorp, a leading global provider and manager of alternative investment products. FPA Multifamily acquired the asset.
Oak Brook Heights comprises one-bedroom apartments and two- and three-bedroom townhomes averaging 990. ....

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JLL Capital Markets Closes Sale of 182-Unit Brook Run Apartments and Townhomes in Chicago Suburb of Arlington Heights

CHICAGO, IL - JLL Capital Markets announced today that it has closed the sale of Brook Run Apartments and Townhomes (“Brook Run”), a 182-unit, garden-style multi-housing community in the Chicago suburb of Arlington Heights, Illinois.
JLL marketed the property on behalf of the seller, Laramar Group. Redwood Capital Group acquired the asset.
Brook Run comprises one-, two- and three-bedroom units averaging 936 square feet. Units offer stainless steel appliances, balcony/patios,. ....

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