The 558-unit property sold for $96 million, or approximately $172,000 per unit. Marquette purchased the property in a joint venture with DRA advisors for approximately $70 million in 2018. During the hold period, Marquette completed a successful value add strategy which included amenity and unit renovations.
Read More Here: Trinity Pays $96M For Westmont Apartment Complex (therealdeal.com)
Marquette Companies Completes Sale of Westmont Village Apartments
Marquette Companies sale of Westmont Village Apartments to Trinity Property Consultants marks the second largest multifamily deal in the Chicago suburbs so far this year.