Hendricks & Partners brokered the sale of Hunter’s Ridge, a 408-unit apartment community in Elgin, Ill.
The value of the transaction was $25 million.
The property is located at 1009 Big Timber Road.
St. Louis, Mo.-based MREF II Property III LLC sold the property to Romeoville, Ill.-based Marquette Property Investments Inc.
The buyer plans to complete a renovation of the property, which the seller started. The property features a newer clubhouse and leasing center, which were built in 2001.
Hendricks & Partners is a national advisory firm focused exclusively on the sale of multifamily properties.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!