Kiser Group senior managing director John Meyer completed the $33M sale of Mount Prospect Greens, a 344-unit, 14-building apartment complex at 1958-2036 W Algonquin Rd in Mount Prospect, to Cleveland-based APM Management. The seller, Windy City RE, assembled the 97% leased property from five different owners, renovating 30% of units and increasing rents significantly. On the acquisition front, Windy City RE just paid $748k for an eight-unit apartment building at 2823-2827 N Central Park in Logan Square.
CLICK HERE for full story.