Todd Bancroft Of Draper And Kramer Acquires Multifamily Asset From Willow Bridge For $88.5M

The transaction involved a multifamily asset located at 1133 South Blvd in Oak Park, featuring 263 units with a sale price of $88,500,000. This property was constructed in 2018 and spans 12 stories, offering a range of unit sizes from 512 to 1,500 square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $88,500,000
• Number of Units: 263
• Price Per Unit: $336,502
• Buyer: Todd Bancroft - Draper and Kramer
• Seller: Willow Bridge
• Broker: Newmark

Todd Bancroft represented Draper and Kramer in the acquisition of Eleven33 from Dallas-based developer Willow Bridge, with Newmark facilitating the transaction throughout the process.