CHICAGO, IL – HFF announced today that it has been named to market for sale Aspen Place Apartments (top left photo), a 416-unit, value-add multi-housing community in Aurora, Illinois.HFF is marketing the property on behalf of Kensington Realty Advisors. There is no asking price and the property may be purchased on an all cash basis free and clear of debt.
Aspen Place Apartments is located at 826 Terrace Lake Drive near the intersection of Eola Road and Ogden Avenue (US Route 34) in the western Chicago suburb of Aurora.
The 96 percent leased property has 50 residential buildings with one- and two-bedroom apartment homes and townhome units averaging 1,061 square feet each. Townhomes all feature direct access garages. Community amenities include an outdoor heated pool, business center, fitness center and clubhouse.
The HFF investment sales team representing Kensington is led by executive managing director Matthew Lawton (middle right photo), and managing directors Marty O’Connell (middle left photo) and Sean Fogarty (lower right photo).
Kensington Realty Advisors, Inc. is a Registered Investment Advisor providing investment management and advisory services. Acting strictly as a fiduciary, the firm’s primary clientele includes institutional and corporate owners.
Contacts:
Matthew D. Lawton, HFF Executive Managing Director, (312) 528-3650, mlawton@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500
No comments:
Post a Comment