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ShainRealty Capital Divests 8-Property Kenwood Apartment Portfolio

A 200-unit multifamily portfolio located in Chicago’s Kenwood neighborhood sold for an undisclosed sum. The SR8 Portfolio, encompassing eight properties within a two-mile radius, sold to a local Chicago syndicate, led by Eagle Infinite Investments. It marked the first company disposition for seller ShainRealty Capital, a Los Angeles privately-owned real estate investment firm. 

Interra Realty’s Lucas Fryman & Ted Stratman brokered the transaction. 

Jonathan Shainberg, of ShainRealty Capital, said, “One of the most attractive features of the deal was the in-place assumable agency debt, providing the buyer with 66% LTV and a 4.18% fixed interest rate for the remainder of the loan. Given that new debt today originates at 150 bps higher, the buyer will have extra cash flow to continue the rehab & rental growth plan we started. Furthermore, the properties are walking distance to the University of Chicago, which will keep rental demand strong for years to come.” 


Inside The Story

ShainRealty CapitalInterra Realty

About Paul Bubny

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 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).

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