Stuart Handler Of TLC Management Acquires AMLI Deerfield Multifamily For $94.3M

The multifamily asset involved in this transaction is the AMLI Deerfield apartment complex located at 1525 Lake Cook Road in Deerfield, IL. The property consists of 240 units and was sold for a total of $94,300,000, resulting in a price per unit of $392,917. The complex, built in 2015, was reported to be 99% occupied at the time of the sale.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $94,300,000
• Address: 1525 Lake Cook Road
• Market: Deerfield, IL
• Units: 240
• Price Per Unit: $392,917
• Buyer: Stuart Handler - TLC Management
• Seller: Fred Schreiber - AMLI Residential Properties
• Broker Representatives: Kevin Girard, Mark Stern & Zachary Kaufman - JLL

Stuart Handler, representing TLC Management, acquired the property from Fred Schreiber of AMLI Residential Properties. The transaction was facilitated through JLL, with brokers Kevin Girard, Mark Stern, and Zachary Kaufman handling the listing and sale of the complex.