TLC Management Acquires Multifamily Asset In Chicago For $46M

The multifamily property located at 1801 West Argyle Street in Chicago has been sold in a closed transaction. The property, consisting of 150 units, was sold by The Carlyle Group to TLC Management for a price of $46,000,000. The deal was facilitated by broker Bill Baumann from Monarch Realty Partners. The transaction took place on 08/25/2020.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $46,000,000
• Units: 150
• Price per Unit: $306,666
• Market: Chicago
• Buyer: TLC Management
• Seller: The Carlyle Group
• Broker: Bill Baumann - Monarch Realty Partners
• Date: 08/25/2020
• Address: 1801 West Argyle Street

In this transaction, TLC Management successfully acquired the multifamily property from The Carlyle Group. Bill Baumann from Monarch Realty Partners served as the broker representing both parties. The deal represents a significant investment in the Chicago market.