The transaction involved the sale of multifamily properties in suburban Chicago, consisting of Wheaton 121, acquired for $101 million; the Covey at Fox Valley, comprising 216 units, purchased for $40 million; and an 80-unit townhome community in Hampshire, bought for $24 million. The total sale price reached $165 million, reflecting a price per unit of $274,086 across the 602 units involved in the transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $165,000,000
• Units: 602
• Price Per Unit: $274,086
• Buyers: Daniel L. Goodwin & Anthony Chereso - Inland Real Estate Group; Gavin Beekman & Hen Shoval - Pensam Capital; Avery Johnson - Avery Capital
• Sellers: Larry Conner - Connor Group; Jeffrey Elowe - Laramar Group; Paul Romanowski - D.R. Horton
• Brokers: Todd Stofflet - Walker & Dunlop; Kevin Girard, Mark Stern & Zachary Kaufman - JLL

This multifamily property acquisition involved key players in the real estate investment sector, showcasing the collaborative effort among firms like Inland Real Estate Group, Pensam Capital, and Avery Capital, with representation from brokerage firms Walker & Dunlop and JLL, which facilitated the successful closure of the transaction across multiple locations including Wheaton, Aurora, and Hampshire.