Chicago, IL, January 11, 2016 – Redwood Capital Group, LLC, a Chicago-based multi-family investment firm, is pleased to announce the recent sale of Woodlands of Crest Hill in Crest Hill, IL.
Redwood, headed by partners David Carlson and Mark Isaacson, owns and operates 31 properties totaling almost 11,000 units in multiple markets throughout the Midwest, Southeast and Southwest.
Woodlands of Crest Hill, located at 1615 Arbor Lane in Crest Hill, IL, features 17 three-story apartment buildings with common interior corridors. Built in 1972, the property consists of 730 studio, one- and two-bedrooms averaging 649 square feet. Community amenities residents enjoy include a recently renovated clubhouse, business center, fitness center, resort style swimming pool, sand volleyball court, and outdoor picnic tables, pergola, sundecks and barbecue grills. Woodlands is located 44 miles southwest of Chicago.
“The sale of Woodlands of Crest Hill is part of our strategy to take advantage of the booming Suburban Chicago submarket. Woodlands is easily accessible to major hubs of transportation, healthcare, and major employers within the metro Chicago market,” said Tammy Kelly, Senior Vice President of Asset Management.
About Redwood Capital Group, LLC
Redwood Capital Group, LLC is a Chicago-based real estate investment firm founded in 2007 by David Carlson and Mark Isaacson. The company is focused on value-add and core-plus investments in primary urban and suburban markets across the U.S., primarily in the Midwest, Southeast, and Southwest. The company’s mission is to be the foremost choice for institutional and private equity in pursuit of strategic multi-family investment. Redwood is located at 1 E. Wacker Drive in Chicago. For more information, visit www.redwoodcapgroup.com or call 312.995.7310.
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