Torchlight Investors Acquires Multifamily Property In Lombard, IL For $104M

Located at 2720 South Highland Avenue in Lombard, IL, this multi-family property spans across 5 acres. The transaction took place on January 13, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $104,000,000
• Units: 403
• Price Per Unit: $258,065
• Buyer: Torchlight Investors - Daniel Heflin
• Seller: Marquette Companies

Torchlight Investors, represented by Daniel Heflin, acquired the property from the Marquette Companies. With a total of 403 units, the sale price amounted to $104,000,000, resulting in a price per unit of $258,065.