Cushman & Wakefield brokered the $26.4 million sale of The Manors at Brookmere, a 108-home build-to-rent (BTR) community in Matteson, Illinois, a south Chicago suburb.
Originally developed in 2016 by national homebuilder Lennar, the transaction represents one of the first sales of a stabilized BTR community in the Chicagoland region.
Cushman & Wakefield’s Brad Smith, Jack Maloney and Anna Lovell represented the seller, Haven Realty Capital. The buyer was Ashland Capital.
The property at 4962 Bennett Drive consists of a collection of contiguous quadplex buildings offering spacious, two-story residences with two- and three-bedroom layouts. Community features include private entrances, attached one- and two-car garages, vaulted ceilings in living areas, stainless steel appliances and in-unit Whirlpool washers and dryers.
The Manors at Brookmere is located approximately 35 minutes south of downtown Chicago and offers convenient access to Interstates 57 and 80, as well as proximity to Metra commuter rail service providing direct connectivity to the Loop. The property is within 15 minutes of major employers such as Amazon, Ford Motor Company and the University of Chicago Health System’s Flossmoor campus. It also benefits from nearby national retailers including Target, Home Depot, Planet Fitness and Chipotle.
