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

Property Image
SOLD
$110,000,000
Mark Stern
OJ

Illinois

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MultiFamily
Sold 02/03/2026
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Property Image
SOLD

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

1615 Arbor Lane

See Similar Deals
MultiFamily
Sold 02/03/2026
Mark Stern
OJ
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Mark Stern
JLL
Mark Stern
15 deals$1.4B volume
BROKER
JLL
JLL
BROKERAGE
OJ
Olivia John
3 deals$278M volume
SELLER
OC
Osso Capital
SELLER

Details

SOLD
IMAGE: Tready Smith, Mark Stern & Olivia John DATE: 02/03/2026 ADDRESS: 1615 Arbor Lane MARKET: Crest Hill ASSET TYPE: Multifamily BUYER: Tready Smith - Bayshore Capital Partners SELLER: Olivia John - Osso Capital BROKER: Mark Stern - JLL (@JLL) SALE PRICE: $110,000,000 UNITS: 730 ~ PPU: $150,685 NOTE: Osso Capital sold the 730-unit Woodland of Crest Hill Apartments in suburban Chicago for $110M, or about $150K per unit, to Bayshore Capital Partners in one of January’s largest multifamily trades.Osso, led by former Blackstone executive Olivia John, bought the property in 2023 for $95M; the deal was brokered by JLL’s Mark Stern amid renewed institutional interest in the Chicago-area multifamily market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,866,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$390,806.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$521,456.12
Annual Debt Service$6,257,473.43