Jason Berkowitz Of RPM Living Acquires SoNo East Apartments From Jacques Chappuis For $125.2M

The property involved in this transaction is the SoNo East Apartments, a multifamily asset located at 840 West Blackhawk Street in Chicago, IL. The sale price of the property was set at $125,200,000 for the acquisition of 324 units, resulting in a price per unit of $386,420.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $125,200,000
• Units: 324
• Price Per Unit: $386,420
• Buyer: Jason Berkowitz - RPM Living
• Seller: Jacques Chappuis - PGIM
• Date of Sale: 07/06/2026
• Market: Chicago, IL

This transaction highlights the involvement of Jason Berkowitz representing RPM Living, which has been actively expanding its multifamily portfolio in the Chicago area. Jacques Chappuis of PGIM was the seller, having previously acquired the property for $105.3 million in 2012. The sale price was just below the property's initial asking price of $126 million.