Ryan Moore Of Bayshore Properties Acquires Aspen Ridge Apartments From M Group And Zinger Property Group For $45M

The property asset involved in the transaction is a multifamily complex known as Aspen Ridge Apartments, located at 1440 South Neltnor Boulevard in West Chicago. The asset spans an area of 11.5 acres and consists of 253 residential units, with a price per unit of $177,866, culminating in a total sale price of $45,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,000,000
• Address: 1440 South Neltnor Boulevard
• Market: West Chicago
• Acres: 11.5
• Units: 253
• Price Per Unit: $177,866
• Buyer: Ryan Moore - Bayshore Properties
• Seller: Josh Mondry - M Group; Carl Schirtzinger - Zinger Property Group
• Mortgage Broker: Greystone

This transaction highlights the involvement of key individuals, including Ryan Moore, who represented Bayshore Properties in the acquisition. The sellers comprised a joint venture team of Josh Mondry from M Group and Carl Schirtzinger from Zinger Property Group. The acquisition was financed through a $33 million Freddie Mac-backed mortgage arranged by Greystone, indicating a strategic move by Bayshore Properties to invest in value-add suburban multifamily assets.