A real estate investment trust has sold a portfolio of Chicago-area multifamily properties for $455 million, taking a big step closer to liquidating the company while providing the buyers with a high-profile entry to the nation’s third-largest market.
Aimco completes $455 million multifamily portfolio sale in Chicago area as it winds down
LaTerra Capital, Respark Residential buy seven properties with combined 1,495 units
By Ryan Ori
CoStar NewsMarch 31, 2026 | 1:59 P.M.
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IN THIS ARTICLE
- Properties
- Eldridge Townhomes
1101 Eldridge Ln, Elmhurst, IL
- Yorktown Apartments
2233 Highland Ave, Lombard, IL
- Elm Creek Apartments & Townhomes
1 Elm Creek Dr, Elmhurst, IL
- 2200 Grace Apartment Homes
2200 Grace St, Lombard, IL
- Willow Bend Apartments
2850 Southampton Dr, Rolling Meadows, IL
- Companies
- Apartment Investment and Management Company
Real Estate
- LaTerra Development
Real Estate
- Contacts
- Chris Tourtellotte
Managing Director, LaTerra Development
- Richard Evans
Senior Director, Investment Sales, Berkadia
- Peter Evans
Senior Managing Director, Berkadia