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| 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 | www.hfflp.com
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