Bobby Turner Of Turner Impact Capital And Greg Litvak Of Highlands Vista Group Acquire Multifamily For $135.5M

The transaction involved the sale of multifamily properties located at 8712 South 87th Terrace & 201 Flame Drive in the markets of Justice and Carol Stream. The total sale price for the properties was $135,500,000, comprising a total of 1,053 units, resulting in a price per unit of $128,680.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $135,500,000
• Buyer: Bobby Turner - Turner Impact Capital
• Buyer: Greg Litvak - Highlands Vista Group
• Seller: David Schwartz - Waterton
• Seller: Kurt Bender - Bender Cos
• Brokers: John Jaeger, Justin Puppi & Jason Zyck - CBRE
• Brokers: Kevin Girard, Mark Stern & Zachary Kaufman - JLL
• Total Units: 1,053
• Price Per Unit: $128,680

In the deal, Turner Impact Capital acquired the 760-unit Oaks & Laurels of Willow Hill from Waterton for $81.5 million, while Highlands Vista Group purchased the 293-unit Renaissance at Carol Stream from Bender Cos. for $54 million. CBRE represented Waterton in the sales, and JLL represented Bender Cos., contributing to the overall multifamily sales in suburban Chicago totaling $135.5 million.