George Toscas, Executive Vice President, arranged the sale of the value-add property on behalf of a private partnership, marking his eighth multifamily transaction in the Village of Midlothian. The sale included the assumption of the existing, non-recourse debt. The sale price was approximately $3.3 million.
Homan Square Apartments is comprised of 74 apartment units contained in 11 buildings, all with direct entry access. At the time of sale, the property was approximately 89% occupied.
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.