Exposition Capital LLC Acquires Mondial River West Multifamily In Chicago For $42M

The Mondial River West apartment complex located at 910 West Huron Street in Chicago has been sold for $42 million. The property comprises 141 units, resulting in a per unit price of $297,872.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $42,000,000
• Address: 910 West Huron Street, Chicago
• Market: Chicago

The seller of the apartment complex was Michael Freno from Barings, a global investment management firm. The buyer, Exposition Capital LLC, remains undisclosed. The transaction was facilitated by Pete Evans from Berkadia acting as the broker.

It is worth noting that Barings took a hit on the deal, reflecting the current trend of losses in the downtown multifamily market. No mortgage has been recorded for this transaction.