DRA Advisors And Friedkin Property Group Acquire Multifamily Portfolio In Lisle, Naperville, And Buffalo Grove For $247.2M

A multifamily property located at 2800 Windsor Dr, 504 Chamberlain Ln & 1160 Windbrooke Dr in the markets of Lisle, Naperville & Buffalo Grove has been sold. The property consists of 995 units, with an average price per unit of $248,442. The sale was completed on January 5, 2023.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $247,200,000
• Buyer: DRA Advisors; Friedkin Property Group
• Seller: Blackstone Real Estate Income Trust - Richard Reyes
• Broker: JLL
• Market: Lisle, Naperville & Buffalo Grove

The buyers in this transaction were DRA Advisors and Friedkin Property Group, while the seller was Blackstone Real Estate Income Trust, represented by Richard Reyes. The deal was facilitated by the brokerage firm JLL.