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The Call Sheet

Illinois

Multifamily

Sterling Bay, Magellan JV sells 47-story, 289-unit Loop apartment tower, Millie on Michigan, to CedarSt, Kayne JV for $122M ($422K/unit)

7/9/2025

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• Subcategory: MF: Condo-Townhome, MF: Market Rate

• Tag: JV-Partnership | Sale

• Additional Filters-Subcategory: MF: Highrise

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

• Company: Sterling Bay, CEDARst Companies, Kayne Anderson Capital Advisors

Magellan Development Group (MDG)

Brian Gordon | EVP, Development

[email protected]

Kayne Anderson Capital Advisors

Brian Cannella | Senior Managing Director, Transactions-Equity

[email protected]

CEDARst Companies

Alex Samoylovich | Co-Founder, Managing Partner

[email protected]

Sterling Bay

Ryan Walsh | Principal, Acquisitions-Investment/Development

[email protected]

Kayne Anderson Capital Advisors

Ken Carl | Senior Managing Director-Student/MF

[email protected]