Albert Rabil Of Kayne Anderson Real Estate And Will Murphy Of CEDARst Companies Buy 289-Unit Multifamily Tower In Chicago

A multifamily asset located at 300 North Michigan Avenue in Chicago has been sold. This property features 289 residential units and encompasses a total retail space of 25,000 square feet. The asset, known as Millie on Michigan, was completed in 2022 and is currently 95% leased.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 289
• Address: 300 North Michigan Avenue
• Market: Chicago
• Retail Space: 25,000 square feet

The acquisition was made by Albert Rabil from Kayne Anderson Real Estate and Will Murphy from CEDARst Companies, utilizing CEDARst’s Opportunistic Fund I to complete the transaction.