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216 W Forest Ave, Round Lak...

Rosewood Harmony Housing LLC Acquires Rosewood Apartments From Rosewood Apartments LP In Round Lake
SOLD

Rosewood Harmony Housing LLC Acquires Rosewood Apartments From Rosewood Apartments LP In Round Lake

216 W Forest Ave, Round Lake, IL, 60...

Building Size

Asset Type

Closing

Nov 22, 2023

AI

The Rosewood Apartments in Round Lake have changed ownership in a recent transaction. The property, built in 1976 and renovated in 2006, consists of a 170-unit apartment community with one-, two-, and three-bedroom floor plans. It is located at 216 W. Forest Ave in Round Lake, a far northwest suburb of Chicago. The sales price for the property was undisclosed.

Summary of transaction details:

  • Property Type: Apartment Community
  • Transaction Amount: Undisclosed
  • Address: 216 W. Forest Ave, Round Lake, IL
  • Market: Round Lake
  • Seller's Representative: Ralph DePasquale (Berkadia)
  • Buyer: Rosewood Harmony Housing LLC

Ralph DePasquale of Berkadia Chicago served as the seller's representative, representing Rosewood Apartments LP in the transaction. The buyer of the property was Rosewood Harmony Housing LLC.

Players

Ralph DePasquale

Berkadia

Broker

$196M

vol

6 deals

Broker

Round Lake CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93