Sterling American likes what it sees in Chicago's housing market.Sterling American Property Expands Presence in Chicago with $33.5 Million Acquisition of Windscape Village Naperville, IL: A joint venture partnership of Sterling American Property Inc. and BH Equities announced the acquisition of Windscape Village, a 352-unit luxury apartment complex located at 896 Benedetti Drive in the Chicago suburb suburb, a community in an outlying section of a city or, more commonly, a nearby, politically separate municipality with social and economic ties to the central city. In the 20th cent. of Naperville. The purchase price was $33.5 million. Known for its ability to add value to acquired assets, Sterling will work with BH to invest $2.5 million for capital upgrades. The extensive enhancements will include the complete upgrade of all home interiors with new appliances, as well as the installation of new cabinetry cab·i·net·ry n. Cabinetwork: finely detailed cabinetry. Noun 1. cabinetry - the craft of making furniture (especially furniture of high quality) cabinetwork and countertops for kitchens and bathrooms. Planned new tenant amenities will include a business center and fitness facility within the existing clubhouse. Windscape Village is Sterling American Property's second major purchase in the Chicago area. "We believe in the upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside of Chicago's residential communities, which have solid economic and demographic fundamentals," noted Jeff Smith, Sterling American senior vice president of acquisitions. "By working closely with our long-term partners, BH Equities, we look forward to making a difference for residents at Windscape Village." Windscape Village is comprised of 24 two-story garden buildings (This section would benefit from more material on garden buildings in China and Japan) Arguably, the oldest fragment of a garden building is at Pasargadae in Iran. It was an encampment garden and the building was a pavilion dwelling for Cyrus the Great. totaling 267,892 s/f. The property is currently 94% occupied. Among the numerous amenities at Windscape Village are tennis courts, a swimming pool and clubhouse located on four acres of private landscaped grounds. Smith stated that, "Sterling is currently in negotiations to acquire another major multifamily property in the Naperville suburbs." The prominent, NY-based investment company, which plans to acquire over $3 billion of commercial and residential real estate nationwide over the next three years, recently acquired 200 West Adams Avenue in Chicago's West Loop office market. Sterling has joint-ventured with BH Equities on a number of successful projects throughout the country. "We look forward to once again working with Sterling to bring about the rejuvenation Rejuvenation Aeson in extreme old age, restored to youth by Medea. [Rom. Myth.: LLEI, I: 322] apples of perpetual youth by tasting the golden apples kept by Idhunn, the gods preserved their youth. [Scand. Myth. of this outstanding asset," said John Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. of BH Equities, who was involved in the acquisition with Sterling. The seller, fund operator TGM TGM Tomas Garrigue Masaryk (first president of the Republic of Czechoslovakia) TGM The Games Machine (Italianvideogame review site) TGM Total Gaseous Mercury TGM Transglutaminase TGM Trunk Group Multiplexer Associates, was represented by Holliday Fenoglio Fowler. |
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