The property asset involved in this transaction is a multifamily apartment complex located at 926 Maple Avenue in Downers Grove. The asset comprises a total of 167 units and was sold for a price of $65,000,000, which equals a per unit price of $389,222. At the time of the sale, the property was 91% leased, with an average rent of $2,738 per month.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $65,000,000
• Units: 167
• Price Per Unit: $389,222
• Buyer: Bill Huffman - Nuveen
• Seller: Tim Murnane - Opus Group
• Broker Representatives: Jason Zyck, John Jaeger & Justin Puppi - CBRE

This transaction reflects a notable transfer of ownership in the suburban Chicago multifamily market, with Bill Huffman representing Nuveen in the buy-side of the deal and Tim Murnane representing Opus Group on the sell-side. The brokerage team from CBRE facilitated the transaction.