Jason E. Fox Of W. P. Carey Acquires Chicago School Property From Greg Silvers Of EPR Properties For $70.6M

The sale involved a school asset located at 901 South Clark Street in Chicago, IL. The property, a school with a total square footage of 98,000, was sold for a transaction amount of $70,600,000, resulting in a price per square foot of $720. This property has been operational since 2015 and is notable for being the British International School of Chicago’s South Loop campus.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $70,600,000
• Buyer: Jason E. Fox - W. P. Carey
• Seller: Greg Silvers - EPR Properties
• Square Footage: 98,000
• Price per Square Foot: $720
• Market: Chicago, IL

Jason E. Fox represented W. P. Carey in the acquisition of the property from Greg Silvers, who represented EPR Properties. The property remains under a long-term lease to the school operator, which aligns with W. P. Carey’s investment strategy focused on single-tenant real estate.