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Highlights
Concord Capital purchased a 182-unit, nine-building apartment portfolio in Lakeview for $61.5 million from CLK Properties.
The off-market deal allows Concord to add up to 124 units through garden unit renovations and repurposing an existing parking lot.
Principal Drew Millard secured a unique debt package covering 80 percent of acquisition costs and 100 percent of construction costs to fund the property rehab.