Kiser Group Closes Off-Market Portfolio Sale in Medical District
Kiser Group has brokered a $15-million apartment portfolio sale in the UIC Medical District. Seller University Rentals UIC sold the property to Bay Laurel Partners in an off-market deal. The portfolio is strategically located in proximity to UIC and Rush hospitals.
The portfolio comprises a mix of 25 two-bedroom one-bathroom units, nine three-bedroom two-bathroom units, seven three-bedroom one-and-a-half-bathroom units, and seven two-bedroom two-bathroom units, offering a diverse range of housing options.
The acquisition of this portfolio offers Bay Laurel Partners an opportunity to establish a significant presence in the UIC Medical District, a challenging neighborhood in which to become a large owner. This deal also sets a new benchmark for the price per door for a value-add property in the UIC Medical District, according to Kiser Group associate Will Cornish.
Kiser Group Closes Off-Market Portfolio Sale in Medical District
Kiser Group Closes Off-Market Portfolio Sale in Medical District
Kiser Group has brokered a $15-million apartment portfolio sale in the UIC Medical District. Seller University Rentals UIC sold the property to Bay Laurel Partners in an off-market deal. The portfolio is strategically located in proximity to UIC and Rush hospitals.
The portfolio comprises a mix of 25 two-bedroom one-bathroom units, nine three-bedroom two-bathroom units, seven three-bedroom one-and-a-half-bathroom units, and seven two-bedroom two-bathroom units, offering a diverse range of housing options.
The acquisition of this portfolio offers Bay Laurel Partners an opportunity to establish a significant presence in the UIC Medical District, a challenging neighborhood in which to become a large owner. This deal also sets a new benchmark for the price per door for a value-add property in the UIC Medical District, according to Kiser Group associate Will Cornish.
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