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Hines fund pays $151 million for Chicago apartments

Purchase of 451-unit Left Bank tower comes amid increase in properties on market
A Hines fund has bought the Left Bank apartment tower in Chicago for $151 million. (Justin Schmidt/CoStar)
A Hines fund has bought the Left Bank apartment tower in Chicago for $151 million. (Justin Schmidt/CoStar)
CoStar News
November 10, 2025 | 6:27 P.M.

A Hines fund has paid $151 million for a 451-unit apartment tower in downtown Chicago, adding to an uptick in transaction volume over the past year as the market has led the nation in rent growth.

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