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CBRE Investment Management Acquires Multifamily Property In Evanston For $71M

1717 Ridge Avenue
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This MultiFamily property located in IL was sold for $71,000,000 over 2 years ago. The brokers of the deal were Mark Stern, Kevin Girard, and Matthew Lawton

The multifamily property located at 1717 Ridge Ave in Evanston has been sold for a price of $71,000,000. The property consists of 175 units, resulting in a price per unit of $405,714.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $71,000,000
  • Address: 1717 Ridge Ave
  • Market: Evanston

The buyer of the property is CBRE Investment Management, while the seller is Invesco Real Estate. The deal was facilitated by Kevin Girard, Matthew Lawton, and Mark Stern of JLL Capital Markets.

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Deals
  • Location
    1717 Ridge Avenue, Evanston, IL, USA1717 Ridge Avenue, Evanston, IL, USA
  • Sale Price
    $71,000,000$71,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Mark Stern

Mark Stern

Deals4
Financed$181.5M

Kevin Girard

Kevin Girard

Deals5
Financed$313.5M

Matthew Lawton

Matthew Lawton

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Financed$570.4M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Mark Stern, Matthew Lawton & Kevin Girard DATE: 12/08/2021 ADDRESS: 1717 Ridge Ave MARKET: Evanston ASSET TYPE: Multifamily BUYER: CBRE Investment Management SELLER: Invesco Real Estate BROKERS: Kevin Girard, Matthew Lawton & Mark Stern - JLL Capital Markets SALE PRICE: $71,000,000 UNITS: 175 ~ PPU: $405,714

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1717 Ridge Avenue

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