Home ยป Ashton Arlington Heights
(235 Units) – Arlington Heights, IL
| Acquired: | December 2020 |
| Project Capitalization (LTV): | $29,980,000 (69%) |
RSRC acquired 235 of 240 units over 10 months in a fractured condominium project located in Arlington Heights, a northwest suburb of Chicago. The property consists of 17 two-story residential buildings with an average unit size of 801 square feet and is 95% occupied. RSRC is pursuing the remaining five units and once complete, will de-convert the condominium to produce higher cash-on-cash returns and increase the asset value for prospective multifamily buyers.
- Chicago