Ashford at Geneva, a multifamily property, in Geneva, Illinois was sold, according to an announcement from Berkadia.
Alex Blagojevich and Ralph DePasquale of Berkadia negotiated the sale which sold at a 5.14 percent cap rate. The 226-unit property features 36 one-bedrooms and 190 two-bedrooms. Each unit features modern appliances, central heating, air conditioning, cable TV, large closets, balcony or patio and a washer and dryer. Tenants can enjoy amenities such as a pool, clubhouse, business center, internet cafe, renovated fitness center, on-site management, 24-hour emergency maintenance and garages.
Berkadia represented the seller, RADCO. The buyer was an affiliate of Oak Residential Partners.