Rosewood Harmony Housing LLC Acquires Rosewood Apartments From Rosewood Apartments LP In Round Lake
216 W Forest Ave, Round Lake, IL, 60...
Building Size
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Asset Type
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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
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