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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.”
- ◦Sale/Acquisition
