Ben Frazer Of Highland Partners And Eric Londa Of LRE Management Acquire Chicago Multifamily For $103M

The property asset involved in this transaction is a multi-family development located at 3427-3458 North Ashland Avenue & 1050-1060 West Monroe Street in the Chicago market. The sale was finalized for a total price of $103,000,000, encompassing 215 units, leading to a price per unit of $479,070.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $103,000,000
• Units: 215
• Price Per Unit: $479,070
• Buyer: Ben Frazer - Highland Partners; Eric Londa - LRE Management
• Seller: Matt Katsaros - Wildwood Investments; Michael Episcope & David Scherer - Origin Investments

In this transaction, Highland Partners, represented by Ben Frazer, acquired the property from Wildwood Investments, represented by Matt Katsaros, along with Michael Episcope and David Scherer of Origin Investments. Additionally, LRE Management, represented by Eric Londa, is noted to have separately acquired the Monroe Aberdeen property, demonstrating the active involvement of these key players in Chicago's multifamily market.