CBRE Investment Management Acquires Multifamily Property In Evanston For $71M | 1717 Ridge Avenue | Mark Stern, Kevin Girard, Matthew Lawton | MultiFamily | Sale

Summary

Sale

ILLINOIS

MultiFamily

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.

Players

All
4

Agents
3
Agencies
1

$181.5M Sold

$313.5M Sold

Executive Managing Director

$570.4M Sold

JLL

Details

Deal Summary

SOLD

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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Address1717 Ridge Avenue

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