BY THE NUMBERS
CHICAGO—Morguard's buy of the Coast at Lakeshore East Apartments in Chicago was the fourth largest single-building sale of 2017, going for $222 million, according to COMMERCIALCafé in its new report on the top 50 apartment community sales to close in 2017. LivCor's $429 million cross-market portfolio buy from TA Associates and Harbor Group Int.'s bulk $1.8 billion portfolio purchase from Lone Star Funds both contained IL properties, the latter sale topping the ranking for 2017. During the month of sale rent per unit at the Coast at Lakeshore East was significantly higher than the yearly average for Chicago in 2017 – $1,796.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
