Brief
Aimco Closes Sale of 1,495-Unit Multifamily Portfolio in Metro Chicago for $455M
CHICAGO — Aimco (NYSE: AIV) has completed the sale of a seven-property multifamily portfolio in metro Chicago totaling 1,495 units as part of its liquidation plan approved by stockholders in February.
Summary
LaTerra Capital Management and Respark Residential purchased the portfolio for $455 million.
CHICAGO — Aimco (NYSE: AIV) has completed the sale of a seven-property multifamily portfolio in metro Chicago totaling 1,495 units as part of its liquidation plan approved by stockholders in February. LaTerra Capital Management and Respark Residential purchased the portfolio for $455 million. The Aimco Chicago Portfolio consists of the following stabilized properties: Pete Evans and Richard Evans of Berkadia represented the seller in the transaction. 3650 Capital provided approximately $104 mill
Source
- REBusinessOnlinerebusinessonline.com
