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Fortress Sells Glenview Complex In Rare Multifamily Loss

Summary by The Real Deal
GlenLake Village at 4300 West Lake Avenue in Chicago (Apartments.com, Getty) After wrangling a Glenview apartment complex from its previous owner, Fortress Investment Group sold the property for less than its last trade in a rare loss in value for a suburban multifamily asset. BJB Properties bought the 425-unit GlenLake Village apartment complex for $67.2 million from Fortress, Crain’s reported. Fortress seized the property from its owner, Atlas…
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The Real Deal broke the news in New York, United States on Thursday, December 8, 2022.
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