Ashland Capital Acquires The Manors At Brookmere From Haven Realty Capital For $26.4M

The transaction involved the sale of The Manors at Brookmere, a build-to-rent community consisting of 108 single-family rental units located at 4962 Bennett Street in Matteson, IL. The asset sold for $26,400,000, resulting in a price per unit of $244,444.

Summary of transaction details:

• Property Type: Single Family Rental
• Transaction Amount: $26,400,000
• Units: 108
• Price Per Unit: $244,444
• Buyer: Ashland Capital
• Seller: Haven Realty Capital
• Brokers: Brad Smith, Jack Maloney & Anna Lovell - Cushman & Wakefield

Cushman & Wakefield represented the seller, Haven Realty Capital, in this transaction, which marked one of the first stabilized build-to-rent community sales in the Chicago area. Daniel Management Group will be responsible for overseeing operations at the property.