Bayshore Capital Partners Acquires 730-Unit Woodland Of Crest Hill Apartments For $110M

The transaction involved the sale of the 730-unit Woodland of Crest Hill Apartments, located at 1615 Arbor Lane in the Crest Hill market. The asset was sold for a total of $110,000,000, resulting in a price per unit of approximately $150,685.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $110,000,000
• Units: 730
• Buyer: Tready Smith - Bayshore Capital Partners
• Seller: Olivia John - Osso Capital
• Broker: Mark Stern - JLL

Olivia John, a former Blackstone executive, led Osso Capital in the acquisition of the property in 2023 for $95,000,000. The deal, which was brokered by Mark Stern of JLL, aligns with a resurgence of institutional interest in the multifamily market in the Chicago area.