Largest Suburban Chicago Apartment Deal of 2018 Closes in Hoffman Estates
A suburban Chicago apartment complex with value-added potential has sold for $104 million, or slightly more than $162,000 per unit, in the largest apartment sale in suburban Chicago so far this year.
The Reserve at Hoffman Estates is located about 25 miles northwest of downtown Chicago at 875 Pacific Avenue. Built in 1985, the 642-unit complex is ripe for a value-added play through unit upgrades. The new owner, a division of InterCapital Partners…
