Inland Sells Villa Royale for $17M

KENOSHA, WI—There have been some signs that the market for multi-family properties has softened a bit, but for the most part, good properties in solid urban cores like the Chicago metro area still quickly attract investors. Oak Brook, IL-based Inland Real Estate Brokerage & Auctions, Inc., for example, just completed the successful sale and closing of Villa Royale Apartments, a 184-unit multi-family investment property located about 50 miles north of Chicago along Washington Rd. in northwest Kenosha, WI, for $17 million.

Paul Rogers, president, and Richard Kehoe, a Wisconsin broker and senior vice president, of Inland Brokerage & Auctions, represented the seller, Villa Royale Apartments, LLC, an out-of-state operator of multi-family properties throughout the US.