Spirit Investment Partners & The Bascom Group Acquire Multifamily Property In Evanston, Ill For $49.1M

Located at 415 Howard St. in Evanston, Illinois, this recently closed property transaction involved a multifamily asset. The sale was facilitated by Dan Cohen of CBRE.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $49,100,000
• Number of Units: 221
• Price Per Unit: $222,172
• Buyer: Spirit Investment Partners & The Bascom Group
• Seller: Crescent Real Estate

The acquisition was made by a joint venture between Spirit Investment Partners and The Bascom Group. The seller, Crescent Real Estate, successfully closed the deal with the assistance of their broker representative, Dan Cohen of CBRE.