The property involved in the transaction is a development site located at 537 West Drummond Place in the Lincoln Park area of Chicago. The asset is planned to feature a seven-story luxury apartment building consisting of 84 units, with construction being financed by a $29 million loan from Principal Financial. The development is set to include amenities such as co-working spaces and a roof deck, along with two affordable units within the complex, expected to open in March 2026.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $29,000,000
• Lender: Principal Financial
• Landlord: Greg Moyer - Moyer Properties; Drummond Development
• Loan Type: Construction

The deal is primarily represented by Greg Moyer, who is associated with Moyer Properties and Drummond Development. His involvement reflects the strategic direction of the development project, highlighting a commitment to enhancing urban living through the addition of luxury apartments in a desirable location.