Monroe Aberdeen Place was developed in 2018. Monroe Aberdeen Place was developed in 2018.

CHICAGO—Locally-based Origin Investments has acquired the 120-unit Monroe Aberdeen Place apartment building in the West Loop here for $65.8 million.

Origin purchased the property on behalf of its IncomePlus Fund from Michigan Avenue Real Estate Group, the original developer of the property.  Michael D'Agostino, senior director with Chicago-based brokerage firm Kiser Group, represented Origin Investments and the seller in the off-market transaction.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.