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Quarterra sells apartments near Chicago as it reshapes portfolio

State Teachers Retirement System of Ohio buys 212-unit building in Elmhurst, Illinois
The Flynn, a 212-unit apartment building in Elmhurst, Illinois, has sold for $84.5 million. (Emilia Czader/CoStar)
The Flynn, a 212-unit apartment building in Elmhurst, Illinois, has sold for $84.5 million. (Emilia Czader/CoStar)
CoStar News
May 8, 2026 | 8:18 P.M.

Quarterra has sold a 212-unit apartment building in Chicago’s western suburbs for more than $84 million as the multifamily division of homebuilder Lennar continues to reshape its sprawling portfolio.

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