The Laramar Group, a national real estate investment and management company announced its acquisition of the Halsted Place portfolio in the Lincoln Park neighborhood of Chicago.
Situated in the heart of Lincoln Park, the Halsted Place portfolio is a 132,000 square foot residential and mixed-use complex of 11 buildings consisting of 143 unique apartments and 15,000 square feet of retail within a range of building types, from vintage brownstones to modern low-rise buildings with private balconies. Halsted Place Apartments’ premier location is steps from unique shops, restaurants, bars, public transportation and the bustling Clybourn Corridor retail.
“The acquisition of Halsted Place marks the eleventh acquisition for our Chicago Urban Partners Fund,” said Jeff Elowe, president and CEO of The Laramar Group. “Now with a total 30 buildings in desirable close-in neighborhoods, Chicago Urban Partners and Laramar Group continue to invest in properties that provide an intimate, boutique feel but still offer all the modern amenities and quality of life that today’s apartment renter seeks.”
Laramar’s capital improvements to the properties will include upgraded bathrooms, renovated kitchens, improved residential amenities, and enhanced curb appeal.
