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Chicago & Midwest  + Chicago + Downtown  + Finance  | 

Cain International Provides $117M Development on South Loop Resi Tower

Cain International, the privately held investment firm led by Jonathan Goldstein, has closed a $117-million development loan to Lendlease and Aware Super for the delivery of The Reed at Southbank, a 513,400-square-foot, 440-unit residential tower in Chicago’s South Loop. The tower includes 224 rental apartments and 216 for-sale condominiums.  

Matthew Rosenfeld, head of US debt at Cain International, said, “Cain has firmly established its US portfolio with projects in New York, Miami, Los Angeles, and beyond; with The Reed, we’re making a significant stride into the Chicago market – one of the largest and most important in the country. Moreover, Lendlease and Aware Super represent a world-class partnership with deep local roots, and who share our conviction in the resiliency of urban living.” 

The Reed is the second phase of Southbank, a seven-acre master plan.  The project is expected to be completed in 2023. 

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Inside The Story

Cain International's Rosenfeld

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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