Albion Residential Acquires Multifamily Property In Palatine, IL For $94.2M | 975 North Sterling Avenue | Matthew Schoenfeldt | MultiFamily | Loan

Summary

Loan

ILLINOIS

MultiFamily

7,351,100 sqft

The Albion Residential has acquired a multifamily property located at 975 N Sterling Ave in Palatine, IL. The property consists of 719 units and was sold in an acquisition deal. The transaction was facilitated by Matt Schoenfeldt from JLL Capital Markets.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $94,200,000
Date: 09/24/2021
Address: 975 N Sterling Ave, Palatine, IL
Market: Palatine, IL
Units: 719

Matt Schoenfeldt, representing JLL Capital Markets, played a crucial role in securing the acquisition deal for Albion Residential. The transaction involved a loan amount of $94,200,000.

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Players

All
2

Agents
1
Agencies
1

Matthew Schoenfeldt

Managing Director

$154M Sold

Details

Deal Summary

FINANCED

IMAGE: Matt Schoenfeldt DATE: 09/24/2021 ADDRESS: 975 N Sterling Ave MARKET: Palatine, Il ASSET TYPE: Multifamily ~ UNITS: 719 LANDLORD: Albion Residential BROKER: Matt Schoenfeldt - JLL Capital Markets LOAN AMOUNT: $94,200,000 LOAN TYPE: Acquisition

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Address975 North Sterling Avenue

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