Inland Real Estate Group Of Cos. Acquires Multifamily Asset In Naperville, IL For $122.5M

Located at 1995 Yellowstone Dr. in Naperville, Illinois, the recently sold multifamily property has been acquired by the Inland Real Estate Group of Cos. for a total sale price of $122,500,000. The property consists of 400 units, resulting in a price per unit (PPU) of $306,250. The transaction took place on October 13, 2021, and the seller of the property was Redwood Capital Group. The deal was facilitated by the brokerage firm CBRE.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $122,500,000
• Address: 1995 Yellowstone Dr., Naperville, IL
• Market: Naperville, IL
• Buyer: Inland Real Estate Group of Cos. - Daniel L. Goodwin
• Seller: Redwood Capital Group
• Broker: CBRE
• Units: 400
• PPU: $306,250

Daniel L. Goodwin, representing the Inland Real Estate Group of Cos., played a significant role in the transaction as the buyer's representative. This prominent real estate group made the strategic decision to invest in the multifamily property, adding to their diversified portfolio. Redwood Capital Group, the seller of the asset, successfully concluded the deal, leveraging the expertise and services of the brokerage firm CBRE.