Palladius Real Estate Acquires Oak Park Multifamily From Air Communities For $71.4M

Pete Evans & Nitin Chexal closed a multifamily property transaction in Oak Park. The property, located at 100 Forest Place, was sold by Air Communities to Palladius Real Estate. The deal was facilitated by Pete Evans from Berkadia.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $71,400,000
• Date: 04/11/2022
• Address: 100 Forest Place
• Market: Oak Park
• Buyer: Palladius Real Estate - Nitin Chexal
• Seller: Air Communities
• Broker: Pete Evans - Berkadia
• Units: 234
• Price per Unit: $305,128

Pete Evans from Berkadia represented the buyer, Nitin Chexal, in this transaction. The property consists of 234 units at an average price per unit of $305,128.