Home » Deer Valley Apartments
(224 units) – Lake Bluff, IL
RSRC acquired a 224 unit apartment property built in 1991 in the north Chicago suburb of Lake Bluff, Illinois. All units have been at least partially renovated in the past five years. The property is located near several major employers in a underserved market. RSRC viewed this acquisition as an opportunity to improve management, make minor renovations to the units and renovate the clubhouse to achieve market rents and additional modest rent growth over the course of the investment hold.
|Project Capitalization / Loan (LTV):||$31,340,000 / $23,250,000 (75%)|
|Acquisition Date:||December – 2017|