TLC Management Acquires Edgewater Multifamily From Greenstone Property Group For $43M

A multifamily property located at 5815 N. Sheridan in Edgewater has been sold for a total of $43,000,000. The property consists of 188 units, with each unit valued at an average price of $228,723. The sale took place on September 2, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $43,000,000
• Address: 5815 N. Sheridan
• Market: Edgewater

The buyer of the property is TLC Management, while the seller is Greenstone Property Group. The deal was brokered by Lee Kiser from Kiser Group. This transaction highlights the successful collaboration between the buyer, seller, and the broker representative, ensuring a smooth and efficient transfer of the property ownership.