OC Ventures Acquires Student Housing In Chicago For $33M

The student housing property located at 710 West 14th St in Chicago has been sold for a total of $33,000,000. The sale was completed on 08/10/2022, and the buyer in this transaction was OC Ventures, represented by Shangxuan Tan. The seller in this deal was Property Markets Group.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $33,000,000
• Address: 710 West 14th St, Chicago
• Market: Chicago
• Buyer: OC Ventures - Shangxuan Tan
• Seller: Property Markets Group
• Number of Units: 99
• Price per Unit: $333,333
• Number of Beds: 167
• Price per Bed: $197,605

The buyer, OC Ventures, was represented by Shangxuan Tan in this transaction. The sale involved 99 units of student housing, with a price per unit of $333,333. Additionally, the property has a total of 167 beds, with each bed valued at $197,605.