Eli Ungar And David Gefsky Of Antheus Capital Acquire Vue 53 Student Housing For $57.6M

The Vue 53 is a 403-bed student housing building located at 1330 East 53rd Street in Chicago. This property, acquired by Antheus Capital for $57,600,000, was developed in 2015 and has recently been refinanced. The site benefits from strong local demand and has a 4.7% multifamily vacancy rate, which is significantly lower than the national average. The University of Chicago holds a 65-year ground lease on the site.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $57,600,000
• Buyer: Eli Ungar & David Gefsky - Antheus Capital
• Seller: Peter Stelian - Blue Vista Capital Management; Jonathan Lavine - Bain Capital
• Location: 1330 East 53rd Street, Chicago
• Asset Size: 403 beds
• Ground Lease: 65 years with the University of Chicago
• Market: Chicago

Eli Ungar and David Gefsky from Antheus Capital were the buyers in this transaction, acquiring the property from sellers Peter Stelian of Blue Vista Capital Management and Jonathan Lavine of Bain Capital. This acquisition reflects the ongoing demand for student housing in the Hyde Park area of Chicago.