Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Rogers Park Portfolio Trades for $29M
Kiser Group recently sold The Collection on East Lake Terrace, an 11-building, 181-unit portfolio in East Rogers Park. Becovic Management Group acquired the properties for $28.5 million from seller Lee Street Management, which assembled the portfolio over a two-decade period.
Lee Kiser, Danny Mantis and Patrick O’Brien of Kiser Group represented both the buyer and seller. “The Collection on East Lake Terrace is unique because of its scale, assemblage, and geographic concentration,” said Kiser.
“Eastlake Terrace is a hidden gem, not just in Rogers Park but in the city,” said Sal Becovic of Becovic Management Group. “We want to be long-term stewards of these properties. We want to invest in them and in the neighborhood.”
Floor plans in the 11 buildings range from studio to four-bedroom units, and rents range from $650 to $3,500 per month.
Pictured: A property in the Collection on East Lake Terrace portfolio.
Connect Chicago Fall 2019 will take place Oct. 29 in Chicago. For more information, or to register, click here.
Subscribe to Connect Daily Chicago
For comments, questions or concerns, please contact Paul Bubny
