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Wednesday, January 18, 2023

[New post] Bayshore Properties Pays $131Mln for Chicago-Area Apartment Property

Site logo image Dan Moynihan posted: "Commercial Real Estate Direct Staff Report Bayshore Properties has paid $131 million, or $223,549/unit, for the 586-unit Stonebridge Luxury Apartments in Arlington Heights, Ill., about 30 miles northwest of Chicago. The Merrillville, Ind., investor " Commercial Real Estate Direct

Bayshore Properties Pays $131Mln for Chicago-Area Apartment Property

Dan Moynihan

Jan 18

Commercial Real Estate Direct Staff Report Bayshore Properties has paid $131 million, or $223,549/unit, for the 586-unit Stonebridge Luxury Apartments in Arlington Heights, Ill., about 30 miles northwest of Chicago. The Merrillville, Ind., investor purchased the property from the Connor Group of Dayton, Ohio, which was represented by CBRE. Greystone has provided a $94.45 Fannie […]

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