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10/10/2016
Suburban Multifamily Continues to Draw National Interest | GlobeSt.com
ALM RAL TAT MDIA GROUP | GLOT.COM | RAL TAT FORUM | RALHAR CONFRNC RI
MY ACCOUNT
IGN OUT
NATIONAL CHICAGO MULTIFAMILY
uuran Multifamil Continue To Draw National
Interet
PTMR 1, 2016 | Y RIAN J. ROGAL CHICAGO—For owner like PPI who ought during the receion, the intene demand for
multifamil aet can e lucrative.
FOLLOW
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3 Reasons
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MOT POPULAR TORI
Lennar Cloe Multifamil Venture
at $2.2
xcluive
Cannai Invetment tart Heating
The Aror of rookdale in uuran Naperville, a 281-unit, cla A apartment communit that jut old for
$60 million.
Up in California
Ye, the haring conom I
Dirupting CR
CHICAGO—Prime Propert Invetor, Ltd. ha jut old The Aror of rookdale in uuran
Naperville, a 281-unit, cla A apartment communit, for $60 million to an undicloed uer.
The roughl $214,000 per unit price gave the Northrook, IL-aed Prime a izale windfall. It
purchaed the propert in Decemer 2009 for jut $32 million.
xcluive
Are Intitution Pulling Out of the
Apartment Market?
The full-tailized propert wa 100% occupied at cloing, one of the factor which rought out
o man intereted partie. ut arara J. Ga en, co-chief executive o cer of PPI, tell
vent Coverage
Gloet.com that Naperville ha other qualitie that uer appreciate.
Pumper: ‘ome Intereting ign
Ahead’
“There are igni cant arrier to entr for new contruction apartment complexe in Naperville
due to limited land availailit of the required cale to uild a uuran garden tle complex,”
he a. “Additionall high contruction cot puh the upper limit of availale market rent in
uuran Chicago.”
http://www.globest.com/sites/brianjrogal/2016/09/01/suburban-multifamily-continues-to-draw-national-interest/
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10/10/2016
Suburban Multifamily Continues to Draw National Interest | GlobeSt.com
Not urpriingl, invetor interet wa high. “The ale proce attracted 20 highl quali ed o er
from a range of intitutional and private equit invetor with a national acquiition focu,”
Ga en add.
The Aror of rookdale i located jut two mile from the I-88 Corridor. ituated on 26
landcaped acre, the communit conit of thirt- ve uilding, a cluhoue and 138 private
garage. All 281 apartment home are corner unit with private direct entr door. The
cluhoue contain the leaing and management o ce, a well a indoor and outdoor pool,
Jacuzzi, auna, tne center and uine center. Additional amenitie include two tenni court
and a children’ plaground.
“The Aror i a pecial propert in the growing Naperville u-market,” Ga en a, “and a
proven value-add opportunit for a new uer.”
FATURD VNT
It eem like man invetor feel it’ a good time to u multifamil propertie in the Naperville
Realhare APARTMNT
area. A reported in Gloet.com, Origin Capital Partner and Randolph treet Realt Capital
Octoer 19, 2016 | Lo Angele , CA
formed a joint venture in 2015 to acquire the Iroquoi Clu, a multifamil apartment complex
in Naperville where a condo converion project talled out ear ago. The purchae price of that
complex wa aout $38 million.
Alo in 2015, American Realt Advior old a cla A, 368-unit communit in near Aurora
The premier multifamil event of the ear.
With more than 60 indutr veteran and
icon peaking,
Regiter Now ›
that it renovated aout ix ear ago. The propert, located at 1840 Cluhoue Dr., wa
purchaed  the Miamiurg, OH-aed Connor Group for an undicloed amount, it econd
multifamil communit in the Aurora-Naperville area.
PPI wa repreented  a Chicago-aed team from CR coniting of executive vice preident
Dan Cohen and John Jaeger, and enior aociate MJ Zaring.
tead gain in the U econom have reulted in net poitive for the multifamil ector—will
thi wave continue for the foreeeale future? What’ driving development and capital
Realhare Net Leae Wet
Novemer 01, 2016 | Lo Angele , CA
Join over 250 of the indutr' top owner,
invetor, roker and nancier in the net
leae and ale-leae ack communit.
Learn More ›
ow? Join u at Realhare Apartment on Octoer 19 & 20 for impactful information from the
leader in the National multifamil pace. Learn more.
Realhare Dalla/Fort
Worth
Novemer 16, 2016 | Plano , TX
rian J. Rogal ›
rian J. Rogal i a Chicago-aed freelance writer with ear of experience a an
invetigative reporter and editor, mot notal at The Chicago Reporter, where he
concentrated on houing iue. He alo ha written extenivel on alternative
energ and the pament card indutr for national trade pulication.
Join over 400 of Dalla/Fort Worth' top
developer, invetor, roker & nancier
when the dicu the topic that matter
Learn More ›
More article  thi author ›
CONTACT RIAN J. ROGAL
RLATD JO
PRNTD Y LCT LADR
Aociate (KAR
Management ) Ridge
eld
Park, NJ 07660
Kar group i eeking an aociate to join
their invetment team. the role will e aed
http://www.globest.com/sites/brianjrogal/2016/09/01/suburban-multifamily-continues-to-draw-national-interest/
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10/10/2016
Suburban Multifamily Continues to Draw National Interest | GlobeSt.com
in the rm' ridge eld park, nj o ce.
reponiilitie will include: - ait in the
anali and execution of new acquiition
opportunitie including canvaing. - ait in
the on-going a...
Appl Now ›
xecutive Vice Preident
Aet Management (Dart
Realt (Caman) Ltd.)
Grand Caman, Caman
Iland, KY1-9006 (Other)
Known for it thoughtful deign approach,
dart realt (caman) ltd. (“dart realt” or the
“compan”) i an invetment, development
and management compan with more than
one million quare feet of uilt aet within a
divere portfolio. thi include the materplanned, mi...
Appl Now ›
Aitant Propert
manager Commercial
(Lincoln Propert
Compan) Wahington, DC
Aitant propert manager join lincoln’
growing team of top-notch propert
management profeional whoe primar
reponiilit i the dail nancial and
operational management of commercial real
etate aet. lincoln propert compan i a
national real etate...
Appl Now ›
FATURD CONTNT
xcluive
Four tate Multifamil
CM Late-Pa Creep
Welltower Land Wet Coat
Portfolio Trade Hand
Upward Again
r. Portfolio
Wh Revere Logitic
OCTOR 10, 2016
OCTOR 10, 2016
OCTOR 10, 2016
Ma
er to Indutrial Real
tate
NW YORK CITY—pread acro the
outheat, the large grouping of
aet include more than 6,000
reidential unit.
NW YORK CITY—Fitch Rating note
that delinquencie on pre-2009 CM
have increaed in each of the pat
eight month, while late-pa on their
CM 2.0 counterpart have held
tead recentl.
TOLDO, OH—The deal, which
Welltower CO Tom DeRoa aid
“reinforce our high-qualit health
care real etate portfolio and leading
preence in two of the top U metro
market,” wa arranged  a CR
http://www.globest.com/sites/brianjrogal/2016/09/01/suburban-multifamily-continues-to-draw-national-interest/
OCTOR 10, 2016
NWPORT ACH, CA—With online
purchae growing tronger,
cutomer returning merchandie to
the warehoue i a growing
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10/10/2016
Suburban Multifamily Continues to Draw National Interest | GlobeSt.com
Capital Market team on ehalf of
Vintage enior Living.
phenomenon. CR’ Kurt tramann
tell Gloet.com XCLUIVLY how
revere logitic will impact indutrial
real etate a it gain trength.
Gloet.com
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