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Highlights
PGIM sold the 324-unit SoNo East apartment tower in Lincoln Park to Austin-based RPM Living for $125.2 million, just shy of the $126 million asking price.
PGIM originally purchased the property in 2012 for $105.3 million, marking a long-term hold for the investment giant.
This acquisition continues RPM Living's expansion in the Chicago area, following their $102 million purchase of the 294-unit Orland Ridge complex in March.