R2, Concord Capital Acquire Bankier Portfolio at U. of IL/Champaign
A joint venture of R2 Companies and Concord Capital Partners has acquired the Bankier Portfolio at the University of Illinois. The Champaign, IL portfolio that was amassed over 60 years by Leon Bankier and his family was acquired by the JV in an off-market transaction for an undisclosed sum.
The portfolio’s assets are primarily located along Green Street in Champaign’s “Campustown” subdistrict and include 35 properties, 580 residential units (1,323 beds), more than 80,000 square feet of retail, and four assemblage sites prime for vertical development.
“Leon Bankier hand-picked each property in this portfolio during his long career as an investor,” said R2 CEO Matt Garrison. “This is the epitome of a generational investment opportunity. Anyone who attended U of I understands that Green Street is the center of campus, and that the location and scale of our assets is irreplaceable.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).