
Streeterville apartment building gets flipped by an investor
[Chicagobusiness.com]
Real estate investors are gaining confidence in the market, if a recent $106 million transaction is any indication. Miami investor Crescent Heights sold a 480-unit building in Chicago for that amount less than a year and a half after purchasing it for $82 million. This apartment building flip highlights a growing trend in the Windy City; with more people renting than ever before, rents are on the increase, 7.2% by some estimates. That means big business for investors like Crescent Heights, but …






