Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale of a 21-property, 676-unit multi-housing portfolio plus two land sites located in Chicago, Illinois. Pioneer Acquisitions, LLC purchased the portfolio in its entirety free and clear of existing debt.
The portfolio consists of University of Chicago graduate student housing and faculty/staff buildings that are more than 95 percent occupied. The properties have a total of 883 beds and approximately 460,582 square feet with individual units averaging about 681 square feet each. The properties are located in Hyde Park and Kenwood within walking distance to campus, approximately six miles south of Chicago’s Central Business District and close to Lake Michigan.
