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Capri Recapitalizes Kingsbury Plaza

CHICAGO—The real estate investment firm has joined with The Habitat Company to invest in the River North building and make more upgrades possible.

By Brian J. Rogal | Updated on September 05, 2013

CHICAGO—Capri Capital Partners, LLC will join The Habitat Company in recapitalizing Kingsbury Plaza, a 420-unit luxury apartment building in Chicago’s burgeoning River North neighborhood. Although the building was originally constructed by Habitat and opened only six years ago, they feel it is time to bring in funds that will help them continue to make strategic upgrades that the company says will enhance the property’s appearance and marketability. Habitat retains an equity position and will continue providing day-to-day property management services on behalf of the owners.

The new partners did not disclose any financial details.

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