Trinity Property Consultants Acquires Westmont Village Apartment Complex For $96M

The Westmont Village apartment complex, located at 6715 Lake Shore Drive in Westmont, has been acquired by Trinity Property Consultants for $96 million. This multifamily asset consists of 558 units, with an average price per unit of $172,043. The transaction signals strong demand in the local multifamily market, despite rising interest rates. Chicago's multifamily market has recorded $2.4 billion in transactions this year, although it is not expected to surpass the record set in 2022.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $96,000,000
• Units: 558
• Price per Unit: $172,043

Trinity Property Consultants, linked to FPA Multifamily, secured the acquisition of the Westmont Village apartment complex. Sam Eisenman from Trinity Property Consultants represented the buyer in the deal. On the seller's side, Marquette Companies and DRA Advisors were involved in the transaction. Nick Ryan represented Marquette Companies, while David Luski represented DRA Advisors. The successful purchase by Trinity Property Consultants highlights their confidence in the suburban Chicago multifamily market, despite the current economic conditions.