Monday, February 25, 2013

RREEF Sells Chicago Area Multifamily for $101 Million




National Commercial Real Estate News From CoStar Group





RREEF Sells Chicago Area Multifamily for $101 Million



RREEF sold The Communities of Ascot Glen, a 712-unit apartment community in Willowbrook, IL, for $101 million or $141,854 per unit. TGM Associates, a New York-based multifamily investor, was the buyer.

The garden-style complex consists of 76 buildings in DuPage County, about 22 miles west of downtown Chicago. It includes an athletic club, three heated swimming pools, tennis courts and resident center. Lincoln Property Management is the former manager...






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