R2 Companies Partners with Concord Capital to Acquire Bankier Mixed-Use Portfolio.

MANews-(C)2009-2022

Chicago-based private equity real estate firm R2 Companies has partnered with real estate investment and development firm Concord Capital Partners to acquire the Bankier Portfolio at the University of Illinois in an off-market transaction, the company said.

Terms of the transaction were not disclosed.

The portfolio's assets include 35 properties, 580 residential units (1,323 beds), over 80,000 square feet of retail, and four assemblage sites prime for vertical development.

The University of Illinois Urbana-Champaign is a public land-grant research university in Illinois in the twin cities of Champaign and Urbana.

The portfolio offers significant value-add potential and mark-to-market opportunity, given the Seller's recent renovation campaign, U of I students' return to campus, the ability to optimise operations...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT