Friday, October 23, 2015

HFF closes sale of 21-property multi-housing portfolio for University of Chicago

Matthew Lawton
CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a 21-property, 676-unit multi-housing portfolio plus two land sites located in Chicago, Illinois.

HFF marketed the offering on behalf of the University of Chicago.  Pioneer Acquisitions, LLC purchased the portfolio in its entirety free and clear of existing debt.

The portfolio consists of University of Chicago graduate student housing and faculty/staff buildings that are more than 95 percent occupied.  The properties have a total of 883 beds and approximately 460,582 square feet with individual units averaging about 681 square feet each.

 The properties are located in Hyde Park and Kenwood within walking distance to campus, approximately six miles south of Chicago’s Central Business District and close to Lake Michigan.

The HFF investment sales team representing the University of Chicago was led by executive managing director Matthew Lawton, managing director Brian Kelly and associate director Michael Higgins.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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