Osso Capital Acquires 732-Unit Woodlands Complex In Crest Hill From DRA Advisors For $95M

The 732-unit Woodlands complex in Crest Hill has been sold for $95 million. The buyer, Osso Capital, acquired the multifamily property from DRA Advisors, reflecting strong investor demand for suburban Chicago apartments.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $95,000,000
• Units: 732
• Price Per Unit (PPU): $129,781
• Date: 10/31/2023
• Address: 1615 Arbor Lane
• Market: Crest Hill

Osso Capital, represented by Spencer Vegosen and Olivia John, acted as the buyer in the transaction. Kevin Girard and Zachary Kaufman, from JLL, served as the brokers for the deal. On the other side, David Luski represented the seller, DRA Advisors. The acquisition of the Woodlands complex by Osso Capital highlights the continued interest in suburban Chicago apartments by investors.