David Schwartz Of Waterton Acquires The Mason Multifamily In Chicago For $89.5M

A 263-unit, 14-story apartment building located at 180 North Ada Street in Chicago's Fulton Market has been sold for $89.5 million. The property, known as The Mason, represents a significant investment in the multifamily sector as downtown Chicago experiences strong rent growth, contributing to a growing number of multifamily listings in the market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $89,500,000
• Units: 263
• Price per Unit: $340,304
• Buyer: David Schwartz
• Agency: Waterton
• Date of Transaction: 09/12/2025
• Market: Chicago

David Schwartz represented Waterton in this acquisition, which forms part of the company’s broader strategy to operate within a $1.73 billion value-add fund. Waterton is actively involved in both acquiring and marketing properties within the growing multifamily landscape.