Trevor Ryan Of Marquette Companies Acquires Forest Pointe Multifamily In Lake Bluff For $43.7M

The transaction involves the 232-unit Forest Pointe apartment complex located at 29533 North Waukegan Road in Lake Bluff, Illinois. The asset sold for $43.7 million and reflects a price per unit of $188,362 in a market characterized by strong investor interest in suburban Chicago multifamily assets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $43,700,000
• Units: 232
• Buyer: Trevor Ryan - Marquette Companies
• Seller: A&R Katz Management
• Lender: BMO Bank

Marquette Companies, under the representation of Trevor Ryan, is expanding its portfolio in the Midwest through this acquisition. The company is focusing on ongoing value-add upgrades at the property to enhance its investment.