Torchlight investors1/9/2023 ![]() The latest string includes the $86 million sale of Oak Brook Heights in Westmont, Ill, a 408-unit garden-style asset, in the last quarter of 2021. Girard mentioned, in a prepared statement, that City View at the Highlands is located in a dynamic suburban location, JLL continuing to close transaction in Chicago suburbs. Senior Director Kevin Girard, Senior Managing Director Marty O’Connell and Executive Managing Director Matthew Lawton of JLL Capital Markets worked on behalf of the seller. Recently renovated common-area amenities include a pool, outdoor grilling area, two outdoor lounge spaces with fire pits, a fitness center, a community kitchen, a tech and business center and a conference room. ![]() The luxury asset is a mid-rise apartment building on 5 acres, comprising one-, two- and three-bedroom apartments averaging 902 square feet and featuring quartz countertops, stainless steel appliances, washers and dryers and patios. sale of the 342-unit multifamily community Shade at Desert Ridge to a partnership between Knightvest Capital and Torchlight Investors for 87 million. Interstate 88 and Interstate 355 are close to the community, connecting it to surrounding suburbs and the larger metropolitan area. Highland Ave., in DuPage County, the property is situated next to a park, with several retail options within easy reach including Yorktown Center, University Plaza and the Finley Square shopping center. Weekend/Holiday payments will be processed the next business day. All payments received after 7:00 PM ET may be processed the following business day. will handle leasing and property management. TORCHLIGHT INVESTMENTS PAY ONLINE Make a payment quickly, easily, and securely by selecting to pay with one of the available payment methods below. JLL Capital Markets represented the seller, while The Hayman Co. The buyer secured a $73.5 million Freddie Mac loan for the acquisition of the community completed in 2003, the same data provider shows. The property traded for $104.4 million and the previous ownership included Crow Holdings, according to Yardi Matrix data. has sold City View at the Highlands, a 403-unit value-add asset in Lombard, Ill. Image courtesy of JLL Capital MarketsĪ joint venture including Marquette Cos.
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