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Ares Management Picks Up Big Stake in Chicago's Aqua Tower

Second-Highest Downtown Multifamily Purchase in a Year Comes Amid Housing Boom
By Jennifer Waters
CoStar News
April 9, 2019 | 7:03 P.M.

An Ares Management fund forked over $190.5 million for a majority stake in architect Jeanne Gang's striking 82-story Aqua Tower, underscoring institutional investment in downtown Chicago and the strength of apartments amid a building boom.

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