Standard Real Estate Investments LP And The Vistria Group LP Acquire Haven On Long Grove Apartments In Aurora For $94M

The 416-unit Haven on Long Grove apartment community in Aurora, suburban Chicago, has been acquired by Standard Real Estate Investments LP and The Vistria Group LP for $94 million. The property, previously purchased for $77 million in 2021, was sold by Pensam Capital, resulting in a profitable transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $94,000,000
• Address: 826 Terrace Lake Drive
• Market: Aurora
• Acres: 34

The buyers in this transaction were Jerome Nichols from Standard Real Estate Investments LP and Kip Kirkpatrick from The Vistria Group LP. Representing the sellers was Gavin Beekman from Pensam Capital. The lender involved in the deal was M&T Bank.