Albion Residential Acquires Multifamily In Palatine For $139.3M

A multifamily property located at 500 E Constitution Dr in Palatine was recently sold for a reported price of $139,300,000. The property consists of 612 units, resulting in a price per unit of approximately $227,614. The transaction took place on 07/11/2022, as per the available information.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $139,300,000
• Address: 500 E Constitution Dr
• Market: Palatine
• Buyer: Albion Residential - Jason Koehn
• Seller: Broadshore Capital Partners
• Number of Units: 612
• Price Per Unit: $227,614

The buyer of the property was Albion Residential, represented by Jason Koehn, while the seller was Broadshore Capital Partners. The details regarding the financing or any other aspects of the deal were not provided in the available information.