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Baker Development, USAA Secure $78.6 Million Loan for Chicago Apartments

Venture Completed 11-Story Elevate Last Year
Elevate in Chicago's Lincoln Park neighborhood. Photo: CoStar
Elevate in Chicago's Lincoln Park neighborhood. Photo: CoStar
By Wickham Smith
CoStar Research
July 18, 2019 | 1:27 P.M.

Baker Development Co. and USAA Real Estate secured $78.6 million in financing for the first apartment high-rise completed in Chicago's Lincoln Park neighborhood in three decades.

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