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Key Points
Blue Vista and Bain Capital sold Vue 53, a 403-bed student housing apartment building with ground-floor retail in Hyde Park, Chicago, to Englewood, New Jersey-based Antheus Capital for $57.6 million.
The property, at 1330 East 53rd Street near the University of Chicago, was developed by a Blue Vista venture in 2015 and is subject to a 65-year ground lease with the University of Chicago.
The sale is attributed to the overall strength of the student housing market nationally and the thriving multifamily market in Chicago and the Hyde Park submarket.