AmTrust RE Acquires 213-Unit Parkline Chicago Luxury Apartment Tower in East Loop for $88M ($413,146/unit) from Ares JV

9/23/2024

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REBusinessOnline

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: CBRE Group (NYSE: CBRE), Ares Management Corp (NYSE: ARES)

AmTrust RE has acquired Parkline Chicago, a 213-unit luxury apartment tower in Chicago’s East Loop neighborhood. The sales price and seller were undisclosed. The 26-story property is located at 60 E. Randolph St. Totaling 210,000 square feet, the building features 189 rental units and 24 penthouses.