CBRE Investment Management Acquires Multifamily Property In Evanston For $71M

The multifamily property located at 1717 Ridge Ave in Evanston has been sold for a price of $71,000,000. The property consists of 175 units, resulting in a price per unit of $405,714.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $71,000,000
• Address: 1717 Ridge Ave
• Market: Evanston

The buyer of the property is CBRE Investment Management, while the seller is Invesco Real Estate. The deal was facilitated by Kevin Girard, Matthew Lawton, and Mark Stern of JLL Capital Markets.