Aimco Sells $455M Seven-Property, 1495-Unit Chicago Multifamily Portfolio to Laterra Capital Management & Respark Residential

Aimco Sells $455M Seven-Property, 1495-Unit Chicago Multifamily Portfolio to Laterra Capital Management & Respark Residential

Berkadia, distinguished leader in the commercial real estate sector, announced today the sale of a seven‑property multifamily portfolio in Chicago, Illinois. Senior Managing Director Pete Evans of the Chicago office and Senior Director Richard Evans of the Milwaukee office advised the seller, Aimco, on the transaction. The portfolio sold for $455 million to California-based LaTerra Capital Management and Respark Residential on March 27. The Aimc…

Aimco Closes Sale of 1,495-Unit Multifamily Portfolio in Metro Chicago for $455M

CHICAGO — Aimco (NYSE: AIV) has completed the sale of a seven-property multifamily portfolio in metro Chicago totaling 1,495 units as part of its liquidation plan approved by stockholders in February. LaTerra Capital Management and Respark Residential purchased the portfolio for $455 million. The Aimco Chicago Portfolio consists of the following stabilized properties: Pete Evans and Richard Evans of Berkadia represented the seller in the transac…