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IllinoisMultifamily

144-unit Breckenridge apartments sells to Becovic Rockford for $10 million

October 18, 2021
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Breckenridge Apartments in Rockford, IL was sold to Becovic Rockford, a subsidiary of Becovic Management Group for 10 million dollars. Constructed in 1991, Breckenridge is a 144 unit complex consisting of 18 (8 unit buildings) and 156 detached garages. The property sits a few blocks from the I-90 expressway and the Rockford shopping district near the new Rockford casino being renovated and newly constructed 

Since 2018, Becovic Rockford has accumulated 600 + units in Rockford and specializes in buying well located properties and exceeding resident expectations.

Isa Becovic, principal of Becovic Rockford says our team is very proud of the resident response to the upgrades we bring to apartment living in Rockford. Residents love our upgraded units featuring In-unit washer dryers, quartz countertops, plank flooring, and beautifully landscaped grounds. Residents’ interaction is what sets us apart from our competition. Residents can contact us via text, email, or call and someone will respond quickly. Resident can tour units virtually and pay rent, make work orders and sign leases online too.

Berkadia’s Jason Bond sourced the loan and Jerry Lumpkins of Bank of Lumi financed the deal. 

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