Morguard North American Residential REIT said it is acquiring a 51% ownership interest in a luxury residential complex in downtown Chicago, valued at $265 million in U.S. dollars, as it looks to bulk up in the third-largest American city.
Morguard Looks to Boost Holdings in Chicago Multifamily Market
Toronto-Area REIT, Parent Company to Split Ownership of Downtown Luxury Apartment Complex
By Garry Marr
CoStar News
November 7, 2019 | 4:03 P.M.
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IN THIS ARTICLE
- Properties
- Marquee at Block 37
25 Randolph St, Chicago, IL
- Companies
- Morguard North American Residential REIT
Real Estate